Wellington Management Group LLP Has $221.96 Million Stock Holdings in Dutch Bros Inc. $BROS

Wellington Management Group LLP increased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 38.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,090,882 shares of the company’s stock after acquiring an additional 851,075 shares during the period. Wellington Management Group LLP’s holdings in Dutch Bros were worth $221,956,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its holdings in shares of Dutch Bros by 0.4% in the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after acquiring an additional 211 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in Dutch Bros by 7.2% during the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after purchasing an additional 212 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Dutch Bros by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after purchasing an additional 221 shares in the last quarter. Lazard Asset Management LLC raised its position in Dutch Bros by 6.5% in the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock valued at $232,000 after purchasing an additional 270 shares during the last quarter. Finally, Quarry LP boosted its stake in Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Stock Performance

BROS opened at $49.86 on Monday. The business’s 50-day moving average price is $61.46 and its two-hundred day moving average price is $56.72. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.22. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 69.25, a P/E/G ratio of 1.78 and a beta of 2.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $550.85 million for the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. Equities analysts expect that Dutch Bros Inc. will post 0.87 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, CEO Christine Barone sold 42,031 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the completion of the transaction, the chief executive officer owned 44,573 shares of the company’s stock, valued at $2,680,174.49. This represents a 48.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 firm’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 transaction of $16,451,686.10. Following the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents 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 quarter, insiders have sold 2,064,139 shares of company stock worth $127,296,280. 38.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on BROS shares. Oppenheimer increased their target price on Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Stephens restated an “overweight” rating and set a $80.00 target price on shares of Dutch Bros in a research report on Thursday, August 6th. Piper Sandler increased their price objective on shares of Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Morgan Stanley increased their target price on Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, UBS Group reissued a “buy” rating on shares of Dutch Bros in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and an average price target of $77.15.

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.