Whittier Trust Co. Buys 2,652 Shares of Dutch Bros Inc. $BROS

Whittier Trust Co. boosted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,654 shares of the company’s stock after purchasing an additional 2,652 shares during the quarter. Whittier Trust Co. owned about 0.07% of Dutch Bros worth $8,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Dutch Bros during the second quarter worth $403,000. Stratos Wealth Partners LTD. boosted its position in Dutch Bros by 12.8% during the second quarter. Stratos Wealth Partners LTD. now owns 8,965 shares of the company’s stock worth $613,000 after purchasing an additional 1,017 shares during the period. Bridges Investment Management Inc. bought a new position in Dutch Bros during the second quarter worth $228,000. Mutual Advisors LLC bought a new position in Dutch Bros during the second quarter worth $242,000. Finally, Triton Wealth Management PLLC bought a new position in Dutch Bros during the second quarter worth $552,000. 85.54% of the stock is owned by institutional investors.

Dutch Bros Stock Performance

NYSE BROS opened at $57.59 on Wednesday. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of 122.54, a PEG ratio of 3.10 and a beta of 2.55. Dutch Bros Inc. has a twelve month low of $32.68 and a twelve month high of $86.88. The stock has a fifty day simple moving average of $60.18 and a 200 day simple moving average of $63.10. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $415.81 million during the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Sell-side analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 787,681 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the completion of the transaction, the chairman owned 975,031 shares in the company, valued at approximately $67,218,637.14. This trade represents a 44.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock valued at $207,633,882 over the last 90 days. 42.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on BROS. Morgan Stanley reaffirmed an “overweight” rating and set a $86.00 target price on shares of Dutch Bros in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a report on Wednesday, October 8th. Melius Research upgraded shares of Dutch Bros to a “strong-buy” rating in a research note on Monday, July 14th. Wells Fargo & Company reduced their price target on shares of Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $85.00 price target on shares of Dutch Bros in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.41.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.