Bridges Investment Management Inc. Makes New Investment in Dutch Bros Inc. $BROS

Bridges Investment Management Inc. bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,335 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in Dutch Bros in the 1st quarter valued at $31,000. Banque Transatlantique SA purchased a new stake in shares of Dutch Bros during the first quarter valued at $38,000. Kiker Wealth Management LLC grew its holdings in shares of Dutch Bros by 4,423.1% in the second quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock worth $40,000 after purchasing an additional 575 shares during the last quarter. GAMMA Investing LLC increased its stake in Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after buying an additional 378 shares during the period. Finally, Stone House Investment Management LLC bought a new stake in Dutch Bros during the 1st quarter valued at about $54,000. 85.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 shares of Dutch Bros stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. The trade was a 49.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company’s stock in a transaction on 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 directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,161,101 shares of company stock worth $207,633,882. Insiders own 42.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BROS. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday. CICC Research began coverage on Dutch Bros in a research report on Monday, June 30th. They set an “outperform” rating and a $80.00 target price for the company. Morgan Stanley reissued an “overweight” rating and set a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group cut their price target on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.29.

Dutch Bros Trading Up 0.6%

Shares of NYSE:BROS opened at $54.84 on Friday. The company has a market capitalization of $9.02 billion, a PE ratio of 116.69, a P/E/G ratio of 3.01 and a beta of 2.55. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. Dutch Bros Inc. has a 12-month low of $32.68 and a 12-month high of $86.88. The business’s fifty day simple moving average is $60.63 and its 200-day simple moving average is $63.07.

Dutch Bros (NYSE:BROS) last issued 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 company had revenue of $415.81 million for 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%.The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. As a group, equities research analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

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.