Capital CS Group LLC Buys New Shares in Dutch Bros Inc. $BROS

Key Points

• Capital CS Group LLC has acquired 6,881 shares of Dutch Bros Inc. (NYSE:BROS), valued at approximately $470,000, making it the firm's 22nd largest holding.
• Wall Street analysts have a consensus "Buy" rating on Dutch Bros Inc., with the average target price set at $80.06.
• Insider transactions have been notable, with major shareholder Dm Individual Aggregator, LLC selling 482,750 shares recently, reducing their ownership by 27.40%.

Capital CS Group LLC acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,881 shares of the company's stock, valued at approximately $470,000. Dutch Bros accounts for about 0.8% of Capital CS Group LLC's portfolio, making the stock its 22nd largest holding.

Other hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc bought a new position in Dutch Bros in the 1st quarter worth approximately $31,000. Cullen Frost Bankers Inc. bought a new position in Dutch Bros during the first quarter valued at approximately $31,000. Banque Transatlantique SA purchased a new position in Dutch Bros during the 1st quarter valued at approximately $38,000. Bernard Wealth Management Corp. purchased a new stake in shares of Dutch Bros during the 4th quarter worth approximately $43,000. Finally, Gould Capital LLC grew its stake 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 buying an additional 140 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Dutch Bros Stock Performance

NYSE BROS traded down $3.48 on Monday, reaching $55.14. 6,263,137 shares of the company's stock traded hands, compared to its average volume of 3,520,170. The stock has a 50 day moving average price of $64.17 and a 200-day moving average price of $64.62. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The firm has a market cap of $9.07 billion, a price-to-earnings ratio of 117.33, a P/E/G ratio of 3.24 and a beta of 2.64. Dutch Bros Inc. has a fifty-two week low of $30.49 and a fifty-two week high of $86.88.

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, topping 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 firm's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. Equities research analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on BROS. Guggenheim raised their target price 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. TD Cowen reaffirmed a "buy" rating and set a $86.00 target price on shares of Dutch Bros in a research note on Tuesday, August 19th. Bank of America raised their price target on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Royal Bank Of Canada boosted their target price on shares of Dutch Bros from $83.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, Melius Research raised shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $80.06.

Insider Activity at Dutch Bros

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

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.