11,620 Shares in Dutch Bros Inc. $BROS Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,620 shares of the company’s stock, valued at approximately $711,000.

Several other large investors also recently made changes to their positions in BROS. Westfield Capital Management Co. LP acquired a new stake in shares of Dutch Bros in the fourth quarter worth $108,948,000. Norges Bank acquired a new stake in shares of Dutch Bros in the fourth quarter worth $96,951,000. Balyasny Asset Management L.P. increased its position in shares of 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 worth $95,112,000 after acquiring an additional 1,203,338 shares in the last quarter. Amundi increased its position in shares of Dutch Bros by 90.4% in the third quarter. Amundi now owns 1,390,216 shares of the company’s stock worth $68,162,000 after acquiring an additional 660,036 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Dutch Bros in the third quarter worth $30,921,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insider Activity at Dutch Bros

In other news, Director Todd Allan Penegor purchased 2,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $51.17 per share, with a total value of $102,340.00. Following the acquisition, the director owned 5,358 shares in the company, valued at approximately $274,168.86. This trade represents a 59.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 155,692 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $58.26, for a total transaction of $9,070,615.92. Following the sale, the insider directly owned 2,932,909 shares of the company’s stock, valued at approximately $170,871,278.34. The trade was a 5.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 2,022,106 shares of company stock valued at $115,725,491. Corporate insiders own 38.90% of the company’s stock.

Dutch Bros Price Performance

BROS opened at $60.39 on Thursday. The company has a fifty day simple moving average of $54.29 and a 200 day simple moving average of $55.91. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 94.35, a PEG ratio of 1.87 and a beta of 2.36. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $74.65. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business’s revenue was up 30.7% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. Equities research analysts expect that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.

Analysts Set New Price Targets

BROS has been the subject of several recent research reports. UBS Group reissued a “buy” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. DA Davidson reissued a “buy” rating and issued a $75.00 price objective on shares of Dutch Bros in a research report on Monday, June 1st. Morgan Stanley reissued an “overweight” rating and issued a $87.00 price objective on shares of Dutch Bros in a research report on Thursday, May 7th. The Goldman Sachs Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, March 2nd. Finally, KeyCorp increased their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and an average price target of $76.00.

Dutch Bros Company Profile

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.