Aperture Investors LLC Purchases Shares of 291,916 Dutch Bros Inc. $BROS

Key Points

• Aperture Investors LLC has acquired 291,916 shares of Dutch Bros Inc., worth approximately $18 million, making it the firm's 15th largest position.
• In recent trading, the Dutch Bros stock price has experienced fluctuations, with a 52-week high of $86.88 and a recent opening price of $74.20.
• Several analysts have given Dutch Bros a consensus rating of "Buy" with price targets ranging from $72.00 to $80.06.

Aperture Investors LLC bought a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 291,916 shares of the company's stock, valued at approximately $18,023,000. Dutch Bros makes up 2.3% of Aperture Investors LLC's portfolio, making the stock its 15th biggest holding. Aperture Investors LLC owned approximately 0.19% of Dutch Bros at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BROS. BNP Paribas Financial Markets raised its holdings in Dutch Bros by 1,572.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company's stock worth $70,661,000 after purchasing an additional 1,076,045 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Dutch Bros by 29.9% in the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company's stock valued at $211,163,000 after buying an additional 788,100 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Dutch Bros by 14.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after buying an additional 627,875 shares during the period. Lord Abbett & CO. LLC boosted its stake in Dutch Bros by 120.6% in the first quarter. Lord Abbett & CO. LLC now owns 1,082,414 shares of the company's stock valued at $66,828,000 after acquiring an additional 591,657 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in Dutch Bros by 751.0% during the 1st quarter. Bank of Nova Scotia now owns 625,036 shares of the company's stock worth $38,589,000 after acquiring an additional 551,587 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Guggenheim increased their price target on Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. The Goldman Sachs Group began coverage on Dutch Bros in a report on Thursday, June 26th. They set a "neutral" rating and a $75.00 target price on the stock. Stifel Nicolaus decreased their target price on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Piper Sandler lowered their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, TD Securities reaffirmed a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a research note on Thursday, May 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $80.06.

Dutch Bros Stock Up 1.6%

NYSE:BROS traded up $1.13 during trading hours on Tuesday, reaching $72.96. 2,784,029 shares of the stock were exchanged, compared to its average volume of 3,218,848. Dutch Bros Inc. has a twelve month low of $30.45 and a twelve month high of $86.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The firm has a 50 day moving average of $65.00 and a 200 day moving average of $65.86. The stock has a market cap of $12.00 billion, a PE ratio of 155.23, a PEG ratio of 4.03 and a beta of 2.64.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm had revenue of $415.81 million during the quarter, compared to the consensus estimate of $403.24 million. During the same quarter in the prior year, the firm posted $0.19 EPS. The business's revenue was up 28.0% on a year-over-year basis. On average, equities analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 787,681 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.94, for a total value of $54,302,728.14. Following the completion of the sale, the chairman owned 975,031 shares of the company's stock, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the sale, the insider directly owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is currently owned by insiders.

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.