Wasatch Advisors LP Has $74.60 Million Holdings in Dutch Bros Inc. $BROS

Wasatch Advisors LP boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 17.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,038,903 shares of the company’s stock after acquiring an additional 157,098 shares during the quarter. Wasatch Advisors LP owned approximately 0.59% of Dutch Bros worth $74,604,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Marshall Wace LLP raised its stake in shares of Dutch Bros by 15.1% in the 4th quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock valued at $189,677,000 after acquiring an additional 407,528 shares in the last quarter. Ninety One UK Ltd raised its holdings in Dutch Bros by 1.5% in the 4th quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock valued at $160,732,000 after acquiring an additional 39,781 shares in the last quarter. Invesco Ltd. raised its holdings in Dutch Bros by 4.0% in the 3rd quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock valued at $127,011,000 after acquiring an additional 93,515 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Dutch Bros by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock worth $138,699,000 after acquiring an additional 39,349 shares during the period. Finally, State Street Corp lifted its position in shares of Dutch Bros by 1.8% in the 4th quarter. State Street Corp now owns 2,020,112 shares of the company’s stock worth $123,671,000 after acquiring an additional 35,854 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Insider Transactions at Dutch Bros

In other news, CEO Christine Barone sold 42,031 shares of Dutch Bros 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 transaction, the chief executive officer owned 44,573 shares in the company, valued at approximately $2,680,174.49. The trade was a 48.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 the business’s 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 completion of the transaction, the insider directly owned 2,410,800 shares in the company, valued at $151,928,616. The trade was a 9.77% 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. Over the last 90 days, insiders sold 4,086,245 shares of company stock valued at $243,021,771. Corporate insiders own 38.90% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the topic of a number of research reports. KeyCorp boosted their price objective on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Piper Sandler lifted their price target on shares of Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. Barclays lowered their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research note on Friday, July 17th. Finally, Citigroup reiterated a “buy” rating on shares of Dutch Bros in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $77.15.

Dutch Bros Stock Down 3.4%

Shares of NYSE BROS opened at $49.55 on Wednesday. Dutch Bros Inc. has a 52-week low of $44.58 and a 52-week high of $74.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. The business has a fifty day moving average of $64.58 and a two-hundred day moving average of $57.29. The stock has a market cap of $8.65 billion, a PE ratio of 68.82, a PEG ratio of 1.89 and a beta of 2.32.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $550.85 million during the quarter, compared to analysts’ expectations of $525.38 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. As a group, equities research analysts expect that Dutch Bros Inc. will post 0.85 earnings per share for the current fiscal 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.