Berkshire Capital Holdings Inc. Acquires New Stake in Dutch Bros Inc. $BROS

Key Points

• Berkshire Capital Holdings Inc. has acquired a total of 104,280 shares of Dutch Bros Inc., valued at approximately $6.4 million, making it the 17th largest holding in their investment portfolio.
• Major shareholder Dm Individual Aggregator sold 531,526 shares of Dutch Bros stock, representing an 18.29% decrease in their position, while Chairman Travis Boersma also sold shares, reducing his ownership by 27.14%.
• Analysts have recently increased their price targets for Dutch Bros, with Barclays setting a new target of $92 and Melius Research upgrading to a "strong-buy" rating, reflecting positive sentiment around the company's performance.

Berkshire Capital Holdings Inc. acquired a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 104,280 shares of the company's stock, valued at approximately $6,438,000. Dutch Bros accounts for approximately 3.1% of Berkshire Capital Holdings Inc.'s investment portfolio, making the stock its 17th biggest position. Berkshire Capital Holdings Inc. owned 0.07% of Dutch Bros as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. AdvisorNet Financial Inc purchased a new stake in Dutch Bros during the first quarter valued at about $31,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Dutch Bros during the 1st quarter valued at $31,000. Coppell Advisory Solutions LLC increased its position in shares of 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 purchasing an additional 447 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Dutch Bros in the 4th quarter worth approximately $43,000. Finally, GAMMA Investing LLC grew its stake in shares of Dutch Bros by 85.3% during the first 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. Hedge funds and other institutional investors own 85.54% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction 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 completion of the transaction, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the transaction, the insider owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This trade represents a 7.59% decrease in their position. The disclosure for this sale can be found here. 42.40% of the stock is owned by insiders.

Dutch Bros Stock Down 1.5%

BROS traded down $0.9320 on Wednesday, hitting $62.8880. The company had a trading volume of 1,913,731 shares, compared to its average volume of 3,199,745. The stock has a fifty day moving average price of $65.05 and a 200-day moving average price of $65.85. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. Dutch Bros Inc. has a 12-month low of $30.30 and a 12-month high of $86.88. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 133.81, a P/E/G ratio of 3.67 and a beta of 2.63.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) 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 business had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The business's quarterly revenue was up 28.0% on a year-over-year basis. Analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Analysts Set New Price Targets

BROS has been the topic of a number of recent analyst reports. CICC Research assumed coverage on shares of Dutch Bros in a report on Monday, June 30th. They issued an "outperform" rating and a $80.00 price target on the stock. Guggenheim boosted their target price on Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Melius Research raised Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Bank of America raised their target price on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, TD Cowen reissued a "buy" rating and issued a $86.00 target price on shares of Dutch Bros in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and an average target price of $79.76.

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.