Independent Financial Group LLC Invests $1.16 Million in Dutch Bros Inc. $BROS

Independent Financial Group LLC purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 22,972 shares of the company’s stock, valued at approximately $1,164,000.

Other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Dutch Bros in the first quarter valued at approximately $318,000. Empowered Funds LLC increased its stake in shares of Dutch Bros by 15.9% during the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after purchasing an additional 4,633 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Dutch Bros by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after purchasing an additional 22,323 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Dutch Bros by 24.2% during the 2nd quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after purchasing an additional 38,697 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Dutch Bros by 6.6% in the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after purchasing an additional 121,683 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BROS shares. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Morgan Stanley boosted their price target on Dutch Bros from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. KeyCorp upped their price target on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Citigroup increased their price objective on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, BNP Paribas Exane initiated coverage on Dutch Bros in a research note on Monday, March 30th. They issued an “outperform” rating and a $73.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

Dutch Bros Stock Performance

NYSE:BROS opened at $66.10 on Tuesday. The firm has a market capitalization of $11.54 billion, a PE ratio of 103.28, a PEG ratio of 2.21 and a beta of 2.31. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year 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. The firm’s fifty day simple moving average is $62.03 and its 200 day simple moving average is $57.31.

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

Insider Activity

In other Dutch Bros 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 stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the transaction, the insider directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the transaction, the chairman directly owned 2,410,800 shares in the company, valued at approximately $151,928,616. This represents a 23.73% 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. Insiders have sold a total of 4,086,245 shares of company stock valued at $243,021,771 in the last three months. 38.90% of the stock is owned by insiders.

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.