Amundi Buys 222,939 Shares of Dutch Bros Inc. $BROS

Amundi lifted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 98.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 448,944 shares of the company's stock after buying an additional 222,939 shares during the period. Amundi owned about 0.29% of Dutch Bros worth $25,545,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc acquired a new position in shares of Dutch Bros in the 1st quarter worth approximately $31,000. Cullen Frost Bankers Inc. acquired a new stake in Dutch Bros during the 1st quarter valued at $31,000. Gould Capital LLC increased its holdings in Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after purchasing an additional 140 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in Dutch Bros during the 4th quarter valued at $43,000. Finally, GAMMA Investing LLC increased 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 purchasing an additional 378 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider directly owned 1,279,144 shares in the company, valued at $83,361,814.48. This trade represents a 27.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 1,250,371 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $81,486,678.07. Following the completion of the transaction, the chairman owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 49.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,161,101 shares of company stock worth $207,633,882. 42.40% of the stock is owned by company insiders.

Dutch Bros Trading Down 2.7%

Dutch Bros stock traded down $1.78 during mid-day trading on Friday, hitting $64.72. The stock had a trading volume of 3,050,072 shares, compared to its average volume of 3,238,828. The stock has a 50-day simple moving average of $64.93 and a two-hundred day simple moving average of $65.23. The stock has a market capitalization of $10.65 billion, a PE ratio of 137.70, a P/E/G ratio of 3.68 and a beta of 2.64. Dutch Bros Inc. has a 12 month low of $30.49 and a 12 month high of $86.88. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on BROS. Barclays raised their price target on Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. TD Cowen reaffirmed a "buy" rating and set a $86.00 price target on shares of Dutch Bros in a report on Tuesday, August 19th. 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 price target for the company. UBS Group raised their price target on Dutch Bros from $80.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Bank of America raised their price target on Dutch Bros from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $80.06.

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.