Dutch Bros Inc. (NYSE:BROS) Shares Bought by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in Dutch Bros Inc. by 49.8%, holding 179,103 shares valued at approximately $11.06 million as of the first quarter.
• Multiple institutional investors have also significantly increased their positions in Dutch Bros, with 85.54% of the company's stock now owned by various institutional investors and hedge funds.
• Wall Street analysts are optimistic about Dutch Bros, with a consensus rating of "Buy" and a target price averaging $76.06, highlighted by a recent "outperform" rating and an $80.00 price objective from CICC Research.

Blair William & Co. IL grew its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 49.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,103 shares of the company's stock after purchasing an additional 59,542 shares during the period. Blair William & Co. IL owned about 0.12% of Dutch Bros worth $11,058,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BROS. Gould Capital LLC increased its holdings in 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 purchasing an additional 140 shares in the last quarter. Hollencrest Capital Management boosted its stake in shares of Dutch Bros by 21.2% during the first quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock valued at $68,000 after purchasing an additional 192 shares in the last quarter. Copia Wealth Management grew its holdings in shares of Dutch Bros by 14.7% during the first quarter. Copia Wealth Management now owns 1,595 shares of the company's stock worth $98,000 after purchasing an additional 205 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Dutch Bros by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock valued at $2,517,000 after buying an additional 310 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Dutch Bros by 85.3% in 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. 85.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on BROS shares. Barclays upped their price target on shares of Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday. The Goldman Sachs Group started coverage on shares of Dutch Bros in a research note on Thursday, June 26th. They issued a "neutral" rating and a $75.00 price objective on the stock. 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 research report on Thursday. Guggenheim upped their price target on Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Royal Bank Of Canada raised their price objective on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $77.82.

Dutch Bros Stock Performance

Dutch Bros stock traded up $12.66 during trading hours on Thursday, hitting $70.45. 13,874,834 shares of the stock traded hands, compared to its average volume of 2,835,734. The firm's 50 day moving average price is $66.08 and its 200-day moving average price is $65.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 107.02, a P/E/G ratio of 3.20 and a beta of 2.63. Dutch Bros Inc. has a 1 year low of $26.96 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The business had revenue of $415.81 million during the quarter, compared to analysts' expectations of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 9.05%. The business's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 EPS. As a group, equities analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the completion of the transaction, the chairman directly 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 through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the stock in a transaction dated 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 sale, the insider directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,465,214 shares of company stock valued at $237,721,138 in the last quarter. 42.40% of the stock is owned by insiders.

Dutch Bros Company 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.