Sigma Planning Corp Raises Stock Position in Dutch Bros Inc. $BROS

Sigma Planning Corp grew its position in Dutch Bros Inc. (NYSE:BROS) by 19.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,641 shares of the company’s stock after purchasing an additional 1,061 shares during the period. Sigma Planning Corp’s holdings in Dutch Bros were worth $454,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. TIAA Trust National Association purchased a new position in Dutch Bros in the second quarter worth approximately $6,536,000. Versor Investments LP raised its position in Dutch Bros by 78.9% in the second quarter. Versor Investments LP now owns 35,744 shares of the company’s stock valued at $2,444,000 after purchasing an additional 15,761 shares during the period. Savoir Faire Capital Management L.P. lifted its stake in shares of Dutch Bros by 42.5% in the 2nd quarter. Savoir Faire Capital Management L.P. now owns 86,848 shares of the company’s stock valued at $5,938,000 after purchasing an additional 25,905 shares during the last quarter. Aljian Capital Management LLC grew its holdings in shares of Dutch Bros by 30.1% during the 2nd quarter. Aljian Capital Management LLC now owns 6,914 shares of the company’s stock worth $473,000 after purchasing an additional 1,600 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of Dutch Bros by 33.6% during the 2nd quarter. Amalgamated Bank now owns 8,524 shares of the company’s stock worth $583,000 after purchasing an additional 2,143 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS stock opened at $53.36 on Friday. The company has a market cap of $8.78 billion, a P/E ratio of 106.71, a PEG ratio of 2.64 and a beta of 2.56. The firm has a fifty day moving average price of $57.31 and a 200 day moving average price of $63.07. 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 $43.62 and a 12 month high of $86.88.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Dutch Bros had a return on equity of 9.10% and a net margin of 4.04%.The company had revenue of $423.58 million during the quarter, compared to the consensus estimate of $414.81 million. During the same period in the previous year, the business earned $0.16 EPS. Dutch Bros’s revenue for the quarter was up 25.3% on a year-over-year basis. Dutch Bros has set its FY 2025 guidance at EPS. Sell-side analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the transaction, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 787,681 shares of the stock in a transaction 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 directly owned 975,031 shares in the company, valued at $67,218,637.14. This trade represents a 44.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BROS. Mizuho upgraded shares of Dutch Bros to a “strong-buy” rating in a report on Tuesday, October 28th. Guggenheim boosted their target price on Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Melius Research upgraded Dutch Bros to a “strong-buy” rating in a research note on Monday, July 14th. Wells Fargo & Company dropped their price objective on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Finally, Royal Bank Of Canada cut their price objective on Dutch Bros from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $76.72.

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.