Allianz Asset Management GmbH Buys New Stake in Dutch Bros Inc. (NYSE:BROS)

Key Points

• Allianz Asset Management GmbH has acquired 8,500 shares of Dutch Bros Inc., valued at approximately $525,000, in the first quarter of the year.
• Institutional investors now hold 85.54% of Dutch Bros' stock, with several funds increasing their stakes, indicating strong institutional interest.
• Analysts are optimistic about Dutch Bros, with a consensus rating of "Buy" and an average price target of $76.06.

Allianz Asset Management GmbH acquired a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,500 shares of the company's stock, valued at approximately $525,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC lifted its stake in shares of Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after acquiring an additional 447 shares during the period. AdvisorNet Financial Inc acquired a new position in Dutch Bros during the first quarter worth about $31,000. Cullen Frost Bankers Inc. purchased a new position in Dutch Bros in the 1st quarter valued at about $31,000. Bernard Wealth Management Corp. purchased a new position in shares of Dutch Bros during the fourth quarter valued at approximately $43,000. Finally, Gould Capital LLC grew its holdings in Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after purchasing an additional 140 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the sale, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 27.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the sale, the insider owned 2,373,933 shares in the company, valued at approximately $170,970,654.66. This represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,465,214 shares of company stock worth $237,721,138 in the last quarter. Company insiders own 42.40% of the company's stock.

Dutch Bros Stock Performance

Shares of NYSE BROS traded up $1.86 during mid-day trading on Monday, hitting $58.57. The company had a trading volume of 3,636,417 shares, compared to its average volume of 2,416,567. Dutch Bros Inc. has a 1 year low of $26.96 and a 1 year high of $86.88. The stock's 50-day moving average price is $66.76 and its 200-day moving average price is $65.59. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 118.15, a P/E/G ratio of 3.14 and a beta of 2.63.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The business had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company's revenue was up 28.7% on a year-over-year basis. On average, sell-side analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on BROS. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. The Goldman Sachs Group started coverage on shares of Dutch Bros in a report on Thursday, June 26th. They set a "neutral" rating and a $75.00 target price on the stock. Piper Sandler reduced their price objective on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Royal Bank Of Canada initiated coverage on Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price target for the company. Finally, UBS Group cut their price target on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $76.06.

About Dutch Bros

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.