Ninepoint Partners LP Invests $2.71 Million in Dutch Bros Inc. $BROS

Ninepoint Partners LP bought a new position in Dutch Bros Inc. (NYSE:BROS) in the 2nd quarter, Holdings Channel reports. The fund bought 37,691 shares of the company’s stock, valued at approximately $2,707,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BROS. Orca Investment Management LLC purchased a new position in shares of Dutch Bros during the 2nd quarter valued at $1,211,000. Hyperion Asset Management Ltd bought a new stake in Dutch Bros during the second quarter valued at about $42,946,000. Wasatch Advisors LP raised its holdings in Dutch Bros by 17.8% during the second quarter. Wasatch Advisors LP now owns 1,038,903 shares of the company’s stock valued at $74,604,000 after acquiring an additional 157,098 shares during the period. Handelsbanken Fonder AB grew its position in shares of Dutch Bros by 7.1% during the second quarter. Handelsbanken Fonder AB now owns 34,600 shares of the company’s stock worth $2,485,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Gradient Investments LLC purchased a new stake in shares of Dutch Bros during the second quarter worth about $979,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BROS has been the topic of a number of research analyst reports. KeyCorp boosted their price target on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Oppenheimer increased their price objective on shares of Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Royal Bank Of Canada reduced their price objective on shares of Dutch Bros from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Dutch Bros in a report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.15.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction 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 completion of the transaction, the insider owned 2,410,800 shares in the company, valued at $151,928,616. This trade represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 on 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 4,086,245 shares of company stock valued at $243,021,771. 38.90% of the stock is currently owned by insiders.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $49.30 on Friday. The firm has a market cap of $8.61 billion, a PE ratio of 68.47, a PEG ratio of 1.79 and a beta of 2.32. The stock has a 50 day moving average of $63.48 and a 200 day moving average of $56.90. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20. Dutch Bros Inc. has a 12 month low of $44.58 and a 12 month high of $74.65.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $525.38 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The company’s revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. On average, research analysts expect that Dutch Bros Inc. will post 0.87 EPS 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.