American Century Companies Inc. Sells 581,699 Shares of Dutch Bros Inc. $BROS

Key Points

• American Century Companies Inc. reduced its stake in Dutch Bros Inc. by 52.1%, selling 581,699 shares during the first quarter, leaving it with approximately 0.35% ownership worth $33 million.
• Several analysts have issued ratings on Dutch Bros, with a consensus price target of $79.76 and most reports indicating a Buy rating, reflecting positive sentiment towards the stock.
• Dutch Bros recently reported earnings of $0.26 per share, exceeding expectations and showing revenue growth of 28.0% year-over-year, indicating a strong operational performance.

American Century Companies Inc. lessened its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 52.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,616 shares of the company's stock after selling 581,699 shares during the period. American Century Companies Inc. owned approximately 0.35% of Dutch Bros worth $33,007,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BROS. Gould Capital LLC lifted its holdings in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares during the last quarter. Hollencrest Capital Management raised its holdings in Dutch Bros by 21.2% during the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock valued at $68,000 after buying an additional 192 shares during the last quarter. Copia Wealth Management raised its holdings in Dutch Bros by 14.7% during the 1st quarter. Copia Wealth Management now owns 1,595 shares of the company's stock valued at $98,000 after buying an additional 205 shares during the last quarter. GAMMA Investing LLC raised its holdings in Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after buying an additional 378 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after buying an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Dutch Bros Stock Up 2.4%

BROS stock traded up $1.77 during trading on Wednesday, hitting $74.04. 894,214 shares of the stock traded hands, compared to its average volume of 3,206,404. Dutch Bros Inc. has a 1 year low of $30.30 and a 1 year high of $86.88. The firm's 50 day moving average is $64.70 and its two-hundred day moving average is $65.88. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 157.36, a price-to-earnings-growth ratio of 3.91 and a beta of 2.63. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. CICC Research assumed coverage on shares of Dutch Bros in a report on Monday, June 30th. They set an "outperform" rating and a $80.00 price target for the company. Guggenheim upped their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. UBS Group decreased their price objective 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. Stifel Nicolaus decreased their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley restated an "overweight" rating and issued a $84.00 price objective (up from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and a consensus target price of $79.76.

Insider Activity at Dutch Bros

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

Dutch Bros 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.