42,031 Shares in Dutch Bros Inc. $BROS Acquired by Camelot Technology Advisors Inc.

Camelot Technology Advisors Inc. acquired a new stake in Dutch Bros Inc. (NYSE:BROS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 42,031 shares of the company’s stock, valued at approximately $2,200,000. Dutch Bros accounts for 1.7% of Camelot Technology Advisors Inc.’s holdings, making the stock its 14th biggest holding.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Dutch Bros by 7.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,069 shares of the company’s stock valued at $422,000 after acquiring an additional 541 shares in the last quarter. Riverbridge Partners LLC acquired a new stake in Dutch Bros during the third quarter valued at $20,039,000. CWC Advisors LLC. grew its stake in Dutch Bros by 6.0% in the third quarter. CWC Advisors LLC. now owns 11,530 shares of the company’s stock valued at $603,000 after purchasing an additional 656 shares in the last quarter. Congress Asset Management Co. acquired a new position in Dutch Bros in the 3rd quarter worth about $11,149,000. Finally, GAMMA Investing LLC raised its stake in shares of Dutch Bros by 31.5% during the 3rd quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock worth $45,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Dutch Bros from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Piper Sandler decreased their target price on shares of Dutch Bros from $73.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Morgan Stanley set a $84.00 price target on shares of Dutch Bros in a research note on Thursday, November 6th. UBS Group reaffirmed a “buy” rating on shares of Dutch Bros in a research note on Tuesday, December 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $76.68.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of Dutch Bros stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $35,930,054.16. Following the transaction, the insider directly owned 9,817 shares of the company’s stock, valued at $544,254.48. The trade was a 98.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 1,678,616 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $93,062,471.04. Following the completion of the sale, the chairman directly owned 9,817 shares of the company’s stock, valued at $544,254.48. This represents a 99.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,465,214 shares of company stock valued at $189,800,291 in the last three months. 42.40% of the stock is owned by insiders.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $63.95 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $57.70 and a 200-day simple moving average of $61.15. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 127.89, a PEG ratio of 3.24 and a beta of 2.55. Dutch Bros Inc. has a 1-year low of $47.16 and a 1-year high of $86.88.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The firm had revenue of $423.58 million for the quarter, compared to the consensus estimate of $414.81 million. During the same quarter last year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 25.3% on a year-over-year basis. On average, sell-side analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

About Dutch Bros

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.