Dutch Bros Inc. $BROS Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 9,244.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 88,963 shares of the company’s stock after acquiring an additional 88,011 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Dutch Bros were worth $5,446,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BROS. Osterweis Capital Management Inc. acquired a new position in Dutch Bros during the 2nd quarter worth $27,000. Brown Lisle Cummings Inc. acquired a new position in Dutch Bros during the 4th quarter worth $31,000. Rakuten Securities Inc. boosted its position in Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after acquiring an additional 379 shares during the period. Caitlin John LLC acquired a new position in Dutch Bros during the 3rd quarter worth $44,000. Finally, MAI Capital Management boosted its position in Dutch Bros by 139.0% during the 3rd quarter. MAI Capital Management now owns 834 shares of the company’s stock worth $44,000 after acquiring an additional 485 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insider Activity at Dutch Bros

In related news, Director Todd Allan Penegor bought 2,000 shares of Dutch Bros stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $51.17 per share, with a total value of $102,340.00. Following the completion of the acquisition, the director directly owned 5,358 shares in the company, valued at approximately $274,168.86. This trade represents a 59.56% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 38.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BROS shares. TD Cowen restated a “buy” rating and issued a $73.00 price objective on shares of Dutch Bros in a report on Wednesday. DA Davidson restated a “buy” rating and issued a $75.00 price objective on shares of Dutch Bros in a report on Thursday. Barclays cut their price objective on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and issued a $87.00 price objective on shares of Dutch Bros in a report on Thursday, May 7th. Finally, KeyCorp upped 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. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $76.00.

Dutch Bros Trading Down 2.6%

Shares of NYSE BROS opened at $52.05 on Friday. Dutch Bros Inc. has a 12 month low of $44.58 and a 12 month high of $77.88. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 81.33, a P/E/G ratio of 1.70 and a beta of 2.40. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $52.54 and a 200-day simple moving average of $55.66.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.70 million. During the same period in the prior year, the business posted $0.14 earnings per share. Dutch Bros’s revenue was up 30.7% compared to the same quarter last year. Sell-side analysts predict that Dutch Bros Inc. will post 0.83 EPS for the current year.

Dutch Bros 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.