MRA Advisory Group Buys Shares of 8,009 Dutch Bros Inc. $BROS

MRA Advisory Group bought a new stake in Dutch Bros Inc. (NYSE:BROS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,009 shares of the company’s stock, valued at approximately $548,000.

A number of other institutional investors have also recently added to or reduced their stakes in BROS. AdvisorNet Financial Inc acquired a new stake in Dutch Bros in the first quarter valued at approximately $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros in the first quarter worth $31,000. Banque Transatlantique SA acquired a new stake in shares of Dutch Bros in the first quarter worth $38,000. Gould Capital LLC lifted its stake in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after buying an additional 140 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the fourth quarter worth $43,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley restated an “overweight” rating and issued a $84.00 price objective (up from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. CICC Research assumed coverage on shares of Dutch Bros in a research note on Monday, June 30th. They issued an “outperform” rating and a $80.00 price objective for the company. Royal Bank Of Canada boosted their price objective on shares of Dutch Bros from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. The Goldman Sachs Group assumed coverage on shares of Dutch Bros in a research note on Thursday, June 26th. They issued a “neutral” rating and a $75.00 price objective for the company. Finally, Melius Research upgraded shares of Dutch Bros to a “strong-buy” rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $80.06.

Dutch Bros Price Performance

NYSE:BROS opened at $64.72 on Monday. The stock has a market cap of $10.65 billion, a P/E ratio of 137.70, a PEG ratio of 3.57 and a beta of 2.64. Dutch Bros Inc. has a one year low of $30.49 and a one year high of $86.88. The company has a fifty day moving average price of $64.93 and a 200 day moving average price of $65.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42.

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

Insider Buying and Selling at Dutch Bros

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

About Dutch Bros

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.