Thornburg Investment Management Inc. Has $5.25 Million Stock Holdings in Dutch Bros Inc. $BROS

Thornburg Investment Management Inc. lifted its holdings in Dutch Bros Inc. (NYSE:BROS) by 10.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 85,792 shares of the company’s stock after purchasing an additional 8,081 shares during the quarter. Thornburg Investment Management Inc. owned about 0.05% of Dutch Bros worth $5,252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in Dutch Bros by 56.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company’s stock valued at $5,733,000 after acquiring an additional 39,561 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Dutch Bros by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock valued at $10,714,000 after acquiring an additional 49,194 shares in the last quarter. Magnetar Financial LLC lifted its stake in Dutch Bros by 107.2% in the 3rd quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock valued at $7,358,000 after acquiring an additional 72,751 shares in the last quarter. M&T Bank Corp lifted its stake in Dutch Bros by 1,559.3% in the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock valued at $5,959,000 after acquiring an additional 91,468 shares in the last quarter. Finally, Deepwater Asset Management LLC bought a new stake in Dutch Bros in the 3rd quarter valued at approximately $12,239,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the transaction, the chairman owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 23.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of Dutch Bros stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the transaction, the insider owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 9.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,086,245 shares of company stock worth $243,021,771 in the last 90 days. Corporate insiders own 38.90% of the company’s stock.

Dutch Bros Trading Up 1.1%

Shares of Dutch Bros stock opened at $66.62 on Tuesday. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $74.65. The stock has a market cap of $11.63 billion, a P/E ratio of 104.09, a P/E/G ratio of 2.14 and a beta of 2.36. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $55.20 and its 200-day moving average is $56.14.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.70 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was up 30.7% compared to the same quarter last year. Equities research analysts predict that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BROS shares. Wolfe Research started coverage on Dutch Bros in a research note on Monday, March 9th. They issued an “outperform” rating and a $77.00 target price on the stock. Piper Sandler boosted their target price on Dutch Bros from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. Citigroup boosted their target price on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Oppenheimer started coverage on Dutch Bros in a research note on Friday, May 1st. They issued an “outperform” rating and a $72.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus price target of $76.00.

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.