BNP Paribas Financial Markets Sells 403,217 Shares of Dutch Bros Inc. $BROS

BNP Paribas Financial Markets trimmed its position in Dutch Bros Inc. (NYSE:BROS) by 28.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,001,790 shares of the company’s stock after selling 403,217 shares during the period. BNP Paribas Financial Markets’ holdings in Dutch Bros were worth $61,330,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BROS. Norges Bank bought a new stake in Dutch Bros in the 4th quarter worth about $96,951,000. Balyasny Asset Management L.P. boosted its stake in Dutch Bros by 196.0% in the third quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock valued at $95,112,000 after acquiring an additional 1,203,338 shares during the last quarter. Amundi boosted its stake in Dutch Bros by 90.4% in the third quarter. Amundi now owns 1,390,216 shares of the company’s stock valued at $68,162,000 after acquiring an additional 660,036 shares during the last quarter. Freestone Grove Partners LP purchased a new position in Dutch Bros in the third quarter valued at about $30,921,000. Finally, Jennison Associates LLC boosted its stake in Dutch Bros by 3,274.9% in the fourth quarter. Jennison Associates LLC now owns 382,067 shares of the company’s stock valued at $23,390,000 after acquiring an additional 370,746 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Key Stories Impacting Dutch Bros

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Dutch Bros reiterated a major expansion runway at the William Blair Growth Stock Conference, with CEO comments pointing to a goal of reaching 2,029 shops by 2029, signaling confidence in long-term unit growth and market share gains. Dutch Bros Inc. (BROS) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Positive Sentiment: The company is also expanding its footprint geographically, including plans to open its first central Ohio location this year, which supports the growth narrative investors have been pricing into the stock. Dutch Bros to open first central Ohio location this year
• Neutral Sentiment: Management’s conference appearance likely reinforced investor focus on Dutch Bros’ store expansion strategy and operating momentum, but no new financial results were provided in the transcript headline itself. Dutch Bros Inc. (BROS) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Negative Sentiment: Chairman Travis Boersma sold 447,299 shares for about $26.1 million, a sizable reduction in his position, which can weigh on sentiment even though the sale was made under a pre-arranged trading plan. SEC filing for Travis Boersma sale
• Negative Sentiment: Dm Individual Aggregator LLC also sold shares in two separate transactions, adding to the overhang from insider and large-holder selling that investors may interpret as a lack of near-term upside conviction. SEC filing for Dm Individual Aggregator LLC sale

Analyst Ratings Changes

A number of research analysts have weighed in on BROS shares. TD Cowen reiterated a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a research note on Wednesday, May 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. The Goldman Sachs Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, March 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $87.00 target price on shares of Dutch Bros in a research note on Thursday, May 7th. Finally, Barclays dropped their target price on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $76.00.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 155,692 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $58.26, for a total value of $9,070,615.92. Following the sale, the insider directly owned 2,932,909 shares in the company, valued at $170,871,278.34. This represents a 5.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 447,299 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $58.26, for a total transaction of $26,059,639.74. Following the completion of the sale, the chairman owned 2,932,909 shares in the company, valued at $170,871,278.34. This represents a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,022,106 shares of company stock worth $115,725,491 in the last three months. 38.90% of the stock is currently owned by corporate insiders.

Dutch Bros Stock Performance

NYSE BROS opened at $57.94 on Wednesday. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. The stock has a market capitalization of $10.12 billion, a PE ratio of 90.53, a P/E/G ratio of 1.91 and a beta of 2.36. The company’s 50 day simple moving average is $53.26 and its two-hundred day simple moving average is $55.70.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.70 million. During the same period in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. Analysts predict that Dutch Bros Inc. will post 0.83 earnings per share for the current fiscal year.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.