Deutsche Bank AG Acquires 540,207 Shares of Dutch Bros Inc. (NYSE:BROS)

Deutsche Bank AG boosted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 8,912.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 546,268 shares of the company's stock after acquiring an additional 540,207 shares during the period. Deutsche Bank AG owned 0.35% of Dutch Bros worth $28,614,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Dutch Bros in the fourth quarter worth about $94,478,000. Clear Creek Financial Management LLC bought a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $288,000. Ferguson Wellman Capital Management Inc. purchased a new stake in Dutch Bros in the fourth quarter worth $304,000. Allspring Global Investments Holdings LLC raised its holdings in Dutch Bros by 2.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock worth $49,785,000 after purchasing an additional 17,402 shares in the last quarter. Finally, Scratch Capital LLC bought a new position in Dutch Bros in the fourth quarter worth $1,260,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This represents a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock valued at $201,509,627 in the last 90 days. 42.40% of the stock is currently owned by insiders.

Dutch Bros Stock Performance

Shares of BROS opened at $70.21 on Wednesday. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 206.51, a P/E/G ratio of 4.23 and a beta of 2.71. The business's fifty day simple moving average is $61.11 and its two-hundred day simple moving average is $58.79. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. During the same period last year, the firm posted $0.09 earnings per share. Dutch Bros's revenue was up 28.7% compared to the same quarter last year. Research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. TD Securities restated a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a report on Thursday, May 8th. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective on the stock. UBS Group decreased their target price on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Wedbush reiterated an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a report on Monday, March 31st. Finally, Barclays upped their price target on Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $75.21.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.

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