598,044 Shares in Dutch Bros Inc. $BROS Acquired by Hyperion Asset Management Ltd

Key Points

• Hyperion Asset Management acquired 598,044 Dutch Bros shares valued at approximately $42.9 million, giving it a 0.34% stake; institutional investors collectively own 85.54% of the company.
• Dutch Bros reported quarterly EPS of $0.33 versus the $0.29 consensus estimate, while revenue rose 32.5% year over year to $550.85 million.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $77.15 price target, although insiders sold 4.09 million shares worth about $243 million during the latest quarter.

Hyperion Asset Management Ltd bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 598,044 shares of the company's stock, valued at approximately $42,946,000. Dutch Bros comprises approximately 1.1% of Hyperion Asset Management Ltd's portfolio, making the stock its 19th largest holding. Hyperion Asset Management Ltd owned 0.34% of Dutch Bros as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Alyeska Investment Group L.P. acquired a new position in Dutch Bros during the 4th quarter valued at about $113,880,000. Westfield Capital Management Co. LP purchased a new position in shares of Dutch Bros in the fourth quarter worth $108,948,000. Norges Bank purchased a new stake in shares of Dutch Bros during the fourth quarter valued at $96,951,000. Balyasny Asset Management L.P. raised its stake in Dutch Bros by 196.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company's stock worth $95,112,000 after acquiring an additional 1,203,338 shares during the last quarter. Finally, Interval Partners LP purchased a new stake in Dutch Bros during the 4th quarter valued at about $57,276,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $49.55 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 68.82, a PEG ratio of 1.89 and a beta of 2.32. The firm's 50 day simple moving average is $64.58 and its 200-day simple moving average is $57.29. Dutch Bros Inc. has a 12 month low of $44.58 and a 12 month high of $74.65.

Dutch Bros (NYSE:BROS - Get Free Report) last posted 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. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm had revenue of $550.85 million during the quarter, compared to analysts' expectations of $525.38 million. During the same period in the previous year, the business posted $0.26 EPS. The business's revenue was up 32.5% compared to the same quarter last year. Analysts expect that Dutch Bros Inc. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on BROS. Telsey Advisory Group lifted their target price on Dutch Bros from $66.00 to $74.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. UBS Group reiterated a "buy" rating on shares of Dutch Bros in a report on Tuesday, July 28th. Citigroup reissued a "buy" rating on shares of Dutch Bros in a research report on Thursday, August 6th. Piper Sandler lifted their price objective on shares of Dutch Bros from $61.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, June 22nd. Finally, Freedom Capital upgraded shares of Dutch Bros to a "strong-buy" rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.15.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the 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 in the company, valued at approximately $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the firm'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 $47,265,000.00. Following the completion of the sale, the chairman directly owned 2,410,800 shares in the company, valued at approximately $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. In the last quarter, insiders sold 4,086,245 shares of company stock valued at $243,021,771. Insiders own 38.90% of the company's stock.

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.

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