Emerald Advisers LLC Buys New Shares in Dutch Bros Inc. $BROS

Emerald Advisers LLC purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the second quarter, Holdings Channel reports. The fund purchased 6,853 shares of the company’s stock, valued at approximately $469,000.

Several other hedge funds have also recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new position in shares of Dutch Bros in the 1st quarter valued at about $31,000. Banque Transatlantique SA acquired a new stake in Dutch Bros during the first quarter worth approximately $38,000. Kiker Wealth Management LLC increased its holdings in Dutch Bros by 4,423.1% in the second quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock worth $40,000 after purchasing an additional 575 shares in the last quarter. GAMMA Investing LLC increased its holdings in Dutch Bros by 85.3% in the first quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after purchasing an additional 378 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new position in Dutch Bros in the first quarter valued at approximately $54,000. 85.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on BROS shares. Melius Research raised shares of Dutch Bros to a “strong-buy” rating in a research report on Monday, July 14th. Zacks Research raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a report on Wednesday, October 8th. Bank of America lifted their price target on shares of Dutch Bros from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Mizuho upgraded shares of Dutch Bros to a “strong-buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Buy” and a consensus price target of $77.39.

Dutch Bros Price Performance

Shares of BROS opened at $57.92 on Thursday. The business’s fifty day moving average is $59.44 and its 200 day moving average is $63.23. Dutch Bros Inc. has a 12-month low of $32.68 and a 12-month high of $86.88. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. The stock has a market cap of $9.53 billion, a P/E ratio of 123.23, a P/E/G ratio of 2.93 and a beta of 2.55.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The firm had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The business’s revenue was up 28.0% on a year-over-year basis. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 787,681 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the completion of the sale, the chairman directly owned 975,031 shares of the company’s stock, valued at approximately $67,218,637.14. The trade was a 44.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the sale, the insider directly owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is currently owned by insiders.

Dutch Bros Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.