Sei Investments Co. Has $15.47 Million Position in Dutch Bros Inc. $BROS

Sei Investments Co. lessened its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 17.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 305,392 shares of the company’s stock after selling 63,725 shares during the quarter. Sei Investments Co.’s holdings in Dutch Bros were worth $15,471,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BROS. D.A. Davidson & CO. grew its position in Dutch Bros by 0.4% in the first quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after acquiring an additional 211 shares in the last quarter. AdvisorShares Investments LLC raised its holdings in shares of Dutch Bros by 7.2% during the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after purchasing an additional 212 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Dutch Bros by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after purchasing an additional 221 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Dutch Bros by 6.5% in the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock valued at $232,000 after purchasing an additional 270 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BROS has been the subject of a number of recent research reports. Piper Sandler upped their price objective on shares of Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Barclays cut their target price on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Oppenheimer boosted their price target on Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research note on Tuesday. Finally, KeyCorp increased their price objective on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Insider Activity at Dutch Bros

In other Dutch Bros news, 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 transaction, the chairman directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 23.73% 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, CEO Christine Barone sold 42,031 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total value of $2,527,324.03. Following the completion of the sale, the chief executive officer directly owned 44,573 shares of the company’s stock, valued at $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. Insiders sold a total of 4,086,245 shares of company stock worth $243,021,771 in the last 90 days. 38.90% of the stock is owned by company insiders.

Dutch Bros Stock Performance

Shares of BROS opened at $65.45 on Friday. The company has a market capitalization of $11.43 billion, a PE ratio of 102.27, a price-to-earnings-growth ratio of 1.96 and a beta of 2.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $74.65. The company’s fifty day moving average price is $64.14 and its 200 day moving average price is $57.47.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.69 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. As a group, analysts expect that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

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.