Dutch Bros Inc. $BROS Position Boosted by IFP Advisors Inc

IFP Advisors Inc boosted its holdings in Dutch Bros Inc. (NYSE:BROS) by 22.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,710 shares of the company’s stock after acquiring an additional 688 shares during the quarter. IFP Advisors Inc’s holdings in Dutch Bros were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. acquired a new position in Dutch Bros during the 1st quarter valued at about $31,000. Banque Transatlantique SA acquired a new stake in shares of Dutch Bros in the 1st quarter worth approximately $38,000. GAMMA Investing LLC increased its position in shares of Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock valued at $51,000 after purchasing an additional 378 shares during the period. Stone House Investment Management LLC bought a new stake in shares of Dutch Bros in the 1st quarter worth $54,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Dutch Bros by 100.0% in the second quarter. AdvisorNet Financial Inc now owns 1,000 shares of the company’s stock valued at $68,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $54.49 on Friday. The company’s fifty day moving average is $60.86 and its two-hundred day moving average is $63.11. The company has a market cap of $8.96 billion, a P/E ratio of 115.94, a price-to-earnings-growth ratio of 3.04 and a beta of 2.55. Dutch Bros Inc. has a 12-month low of $32.68 and a 12-month high of $86.88. 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 issued its earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. The business had revenue of $415.81 million during the quarter, compared to analysts’ expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros’s revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. Equities analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 1,250,371 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 $81,486,678.07. Following the sale, the chairman owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This represents a 49.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,161,101 shares of company stock worth $207,633,882. Company insiders own 42.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Dutch Bros from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Barclays raised their target price on shares of Dutch Bros from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. TD Cowen reaffirmed a “buy” rating and issued a $86.00 price target on shares of Dutch Bros in a report on Tuesday, August 19th. The Goldman Sachs Group cut their price objective on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Finally, Bank of America lifted their target price on Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.29.

Dutch Bros 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.