Dutch Bros Inc. $BROS Stock Sold by Riverbridge Partners LLC

Riverbridge Partners LLC cut its stake in Dutch Bros Inc. (NYSE:BROS) by 19.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 254,731 shares of the company’s stock after selling 62,897 shares during the period. Riverbridge Partners LLC owned about 0.15% of Dutch Bros worth $9,822,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Lido Advisors LLC purchased a new position in shares of Dutch Bros during the third quarter worth about $803,000. D.B. Root & Company LLC increased its position in shares of Dutch Bros by 43.7% during the third quarter. D.B. Root & Company LLC now owns 12,053 shares of the company’s stock worth $465,000 after purchasing an additional 3,666 shares in the last quarter. New York Life Investment Management LLC purchased a new stake in shares of Dutch Bros in the 3rd quarter valued at about $751,000. AlphaCore Capital LLC lifted its holdings in shares of Dutch Bros by 48.1% in the 3rd quarter. AlphaCore Capital LLC now owns 16,419 shares of the company’s stock valued at $633,000 after purchasing an additional 5,331 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Dutch Bros by 1.3% in the 3rd quarter. Retirement Systems of Alabama now owns 133,742 shares of the company’s stock valued at $5,157,000 after purchasing an additional 1,777 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $35.22 on Wednesday. The company has a 50-day simple moving average of $40.89 and a 200-day simple moving average of $52.63. Dutch Bros Inc. has a one year low of $33.17 and a one year high of $74.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 1.03. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.14 and a beta of 1.97.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Dutch Bros had a net margin of 5.08% and a return on equity of 10.46%. The business had revenue of $549.84 million during the quarter, compared to the consensus estimate of $548.27 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, analysts predict that Dutch Bros Inc. will post 0.86 EPS for the current year.

Dutch Bros News Summary

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Dutch Bros is reported to be preparing for substantial store growth, with an article citing 250 planned openings. A larger footprint could support future sales, though the timing and financial contribution were not detailed in the headline. Article: Dutch Bros set to open 250 locations
• Positive Sentiment: Stifel Nicolaus initiated coverage with a Buy rating and a $48 price target, while a separate Zacks article highlighted analysts’ favorable view of BROS. Positive analyst sentiment may help support the stock. Article: Stifel Nicolaus coverage Article: Analyst view of Dutch Bros
• Neutral Sentiment: The company is promoting a limited-time Pink Majesty Rebel drink and related merchandise for National Passenger Princess Day. The campaign could boost customer engagement, but the reports provide no indication of its expected sales impact. Article: Passenger Princess Day promotion
• Negative Sentiment: Competition may be intensifying: rival 7 Brew is adding food to its offering, potentially broadening its appeal against Dutch Bros and Starbucks. Article: 7 Brew adds food
• Negative Sentiment: Citigroup trimmed its price target on Dutch Bros, a potentially negative signal for sentiment; the supplied report does not specify the revised target. Article: Citigroup price-target trim

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $16,070,773.32. Following the completion of the sale, the insider directly owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. This represents a 20.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 1,032,216 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total value of $46,171,021.68. Following the sale, the chairman directly owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. The trade was a 43.03% 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 ninety days, insiders have sold 4,044,220 shares of company stock valued at $179,732,644. 38.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Dutch Bros from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, November 5th. UBS Group cut their price target on Dutch Bros from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. Citigroup reduced their price objective on Dutch Bros from $69.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Morgan Stanley reduced their price objective on Dutch Bros from $88.00 to $71.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Finally, JPMorgan Chase & Co. decreased their price objective on Dutch Bros from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus target price of $61.08.

Dutch Bros Profile

Dutch Bros Inc. is a drive-through beverage company that operates the Dutch Bros coffee shop brand. Founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma, the company began as a small coffee pushcart and has grown into a multistate U.S. chain. Dutch Bros has expanded from its roots in the western United States into additional regions across the country. Christine Barone serves as the company’s chief executive officer, and co-founder Travis Boersma is its executive chairman.