Dutch Bros Inc. $BROS Shares Acquired by Whittier Trust Co.

Whittier Trust Co. lifted its position in shares of Dutch Bros Inc. (NYSE:BROS) by 10.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,183 shares of the company’s stock after purchasing an additional 21,800 shares during the quarter. Whittier Trust Co.’s holdings in Dutch Bros were worth $11,888,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Osterweis Capital Management Inc. acquired a new position in Dutch Bros in the second quarter valued at approximately $27,000. Brown Lisle Cummings Inc. purchased a new position in shares of Dutch Bros during the 4th quarter valued at $31,000. Rakuten Securities Inc. raised its stake in shares of Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares during the last quarter. Ankerstar Wealth LLC bought a new position in Dutch Bros during the 4th quarter valued at about $31,000. Finally, Quarry LP lifted its position in Dutch Bros by 83.5% during the fourth quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

BROS traded down $1.34 during trading hours on Tuesday, hitting $66.75. The company’s stock had a trading volume of 458,913 shares, compared to its average volume of 4,456,831. Dutch Bros Inc. has a 12 month low of $44.58 and a 12 month high of $74.65. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $59.99 and its 200-day moving average price is $57.17. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 104.55, a P/E/G ratio of 2.33 and a beta of 2.31.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.69 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. Sell-side analysts expect that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BROS has been the subject of a number of research reports. Telsey Advisory Group started coverage on shares of Dutch Bros in a report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 target price for the company. Oppenheimer upped their target price on shares of Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. BNP Paribas Exane began coverage on Dutch Bros in a report on Monday, March 30th. They set an “outperform” rating and a $73.00 price target on the stock. Citigroup upped their price objective on Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, KeyCorp increased their target price on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.33.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10. Following the sale, the insider owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the transaction, the chairman owned 2,410,800 shares in the company, valued at $151,928,616. The trade was a 23.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,086,245 shares of company stock valued at $243,021,771 over the last ninety days. 38.90% of the stock is owned by insiders.

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.