Capstone Capital Management Ltd Takes $587,000 Position in Dutch Bros Inc. $BROS

Capstone Capital Management Ltd purchased a new stake in Dutch Bros Inc. (NYSE:BROS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,594 shares of the company’s stock, valued at approximately $587,000.

A number of other large investors have also added to or reduced their stakes in BROS. Osterweis Capital Management Inc. bought a new position in Dutch Bros during the 2nd quarter worth $27,000. Brown Lisle Cummings Inc. bought a new stake in shares of Dutch Bros during the 4th quarter valued at $31,000. Rakuten Securities Inc. lifted its position in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the period. Ankerstar Wealth LLC acquired a new stake in shares of Dutch Bros during the 4th quarter worth $31,000. Finally, Quarry LP grew its holdings in shares of Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of Dutch Bros stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the sale, the insider directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. The trade was a 9.77% decrease in their position. The sale 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, CEO Christine Barone sold 42,031 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the transaction, the chief executive officer owned 44,573 shares of the company’s stock, valued at approximately $2,680,174.49. This represents a 48.53% 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. In the last three months, insiders have sold 4,086,245 shares of company stock valued at $243,021,771. 38.90% of the stock is owned by insiders.

Analyst Ratings Changes

BROS has been the subject of a number of analyst reports. Citigroup boosted their price target on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Barclays decreased their target price on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $87.00 price target on shares of Dutch Bros in a report on Thursday, May 7th. Freedom Capital upgraded shares of Dutch Bros to a “strong-buy” rating in a research report on Wednesday, July 1st. Finally, Oppenheimer increased their price target on shares of Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average target price of $77.33.

Dutch Bros Stock Performance

NYSE:BROS opened at $65.00 on Thursday. The stock’s 50-day simple moving average is $60.32 and its 200 day simple moving average is $57.19. The firm has a market capitalization of $11.35 billion, a PE ratio of 101.57, a price-to-earnings-growth ratio of 2.14 and a beta of 2.31. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $74.65.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. On average, analysts anticipate that Dutch Bros Inc. will post 0.84 EPS 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.