The Manufacturers Life Insurance Company Buys 60,599 Shares of Dutch Bros Inc. $BROS

The Manufacturers Life Insurance Company grew its stake in Dutch Bros Inc. (NYSE:BROS) by 193.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,944 shares of the company’s stock after purchasing an additional 60,599 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Dutch Bros were worth $4,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Engineers Gate Manager LP raised its holdings in Dutch Bros by 59.6% in the 4th quarter. Engineers Gate Manager LP now owns 513,525 shares of the company’s stock valued at $31,438,000 after acquiring an additional 191,734 shares during the period. M&T Bank Corp increased its stake in shares of Dutch Bros by 1,559.3% during the fourth quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock worth $5,959,000 after purchasing an additional 91,468 shares during the period. 1492 Capital Management LLC acquired a new stake in Dutch Bros during the 4th quarter worth approximately $1,192,000. Independent Financial Group LLC acquired a new position in Dutch Bros in the 1st quarter valued at $1,164,000. Finally, Stephens Investment Management Group LLC increased its position in Dutch Bros by 9.5% during the 1st quarter. Stephens Investment Management Group LLC now owns 333,057 shares of the company’s stock worth $16,873,000 after buying an additional 28,776 shares during the period. Institutional investors own 85.54% of the company’s stock.

Key Dutch Bros News

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Second-quarter results exceeded estimates. Dutch Bros reported adjusted earnings of $0.33 per share versus the $0.29 consensus, while revenue increased 32.5% year over year to $550.9 million, above estimates of approximately $525 million. Company-operated same-shop sales rose 8.3%. Dutch Bros Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Growth outlook remains robust. Management highlighted sustained traffic growth, new-store momentum and contributions from food and digital initiatives. Dutch Bros opened 48 shops during the quarter, including 44 company-operated locations, and raised its 2026 outlook to roughly $2.1 billion-$2.13 billion in revenue while maintaining an aggressive long-term expansion plan targeting 2,029 shops by 2029. Dutch Bros Q2 Earnings Call Highlights Traffic and Higher Guidance
• Positive Sentiment: Analysts remain constructive. Stephens reaffirmed its overweight rating with an $80 price target, while RBC maintained an outperform rating with a $70 target, indicating analysts still see substantial upside if execution continues. Analyst rating reports
• Neutral Sentiment: Dutch Bros plans to acquire Salad and Go real estate. The company has agreed to pay approximately $105 million for up to 65 shuttered locations across four states. The sites could accelerate store growth at potentially attractive costs, but the transaction also adds capital commitments and execution risk. Dutch Bros Strikes $105 Million Deal for Salad and Go Locations
• Negative Sentiment: Strong results were not strong enough for current expectations. Although Dutch Bros beat estimates and lifted guidance, the stock’s premium valuation leaves limited room for disappointment. Investors may also be questioning whether the Salad and Go purchase and rapid store expansion will pressure near-term returns, helping explain why the shares declined following the earnings release. Dutch Bros Beats Q2 Estimates, Raises Q3 Guidance

Wall Street Analyst Weigh In

Several research firms recently commented on BROS. Stephens restated an “overweight” rating and issued a $80.00 price target on shares of Dutch Bros in a research note on Thursday. Piper Sandler increased their price target on Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Citigroup reaffirmed a “buy” rating on shares of Dutch Bros in a research note on Thursday. Barclays decreased their price objective on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Finally, Telsey Advisory Group boosted their target price on Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.15.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the business’s stock in a transaction that occurred 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 $151,928,616. The trade was a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction that occurred on 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 completion of the transaction, the chairman owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents 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 sold 4,086,245 shares of company stock valued at $243,021,771 in the last quarter. Corporate insiders own 38.90% of the company’s stock.

Dutch Bros Trading Down 18.8%

NYSE BROS opened at $53.31 on Friday. 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 has a fifty day simple moving average of $65.01 and a 200 day simple moving average of $57.51. Dutch Bros Inc. has a 12 month low of $44.58 and a 12 month high of $74.65. The firm has a market capitalization of $9.31 billion, a P/E ratio of 74.05, a PEG ratio of 2.00 and a beta of 2.32.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The firm had revenue of $550.85 million during the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a return on equity of 10.23% and a net margin of 4.91%.The business’s revenue was up 32.5% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS. On average, analysts predict that Dutch Bros Inc. will post 0.84 EPS for the current fiscal 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.