11,538 Shares in Dutch Bros Inc. $BROS Acquired by Maven Securities LTD

Maven Securities LTD bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 11,538 shares of the company’s stock, valued at approximately $829,000.

Other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in Dutch Bros in the 1st quarter valued at $318,000. Empowered Funds LLC raised its stake in shares of Dutch Bros by 15.9% in the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock valued at $2,089,000 after purchasing an additional 4,633 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Dutch Bros by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after purchasing an additional 22,323 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Dutch Bros by 24.2% in the second quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after purchasing an additional 38,697 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Dutch Bros by 6.6% in the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after purchasing an additional 121,683 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Down 1.5%

Dutch Bros stock opened at $45.88 on Wednesday. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 63.72, a P/E/G ratio of 1.66 and a beta of 2.28. The firm has a 50-day moving average of $58.36 and a 200-day moving average of $56.41. 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 Inc. has a one year low of $44.58 and a one year high of $74.02.

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

Insider Buying and Selling at Dutch Bros

In other Dutch Bros 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 stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd Penegor purchased 2,000 shares of the stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $51.56 per share, for a total transaction of $103,120.00. Following the transaction, the director directly owned 7,358 shares in the company, valued at approximately $379,378.48. The trade was a 37.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 38.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Dutch Bros from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research note on Friday, July 17th. Oppenheimer upped their price target on Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. Freedom Capital raised shares of Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. Finally, Robert W. Baird upgraded shares of Dutch Bros to a “strong-buy” rating in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.