Deutsche Bank AG Increases Position in Dutch Bros Inc. (NYSE:BROS)

Deutsche Bank AG lifted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 613,087 shares of the company's stock after acquiring an additional 66,819 shares during the quarter. Deutsche Bank AG owned approximately 0.40% of Dutch Bros worth $37,852,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Monetta Financial Services Inc. acquired a new position in shares of Dutch Bros in the first quarter valued at approximately $741,000. West Michigan Advisors LLC acquired a new stake in Dutch Bros during the first quarter worth approximately $401,000. ING Groep NV grew its position in Dutch Bros by 582.9% during the first quarter. ING Groep NV now owns 282,700 shares of the company's stock worth $17,454,000 after buying an additional 241,300 shares in the last quarter. Blair William & Co. IL grew its position in Dutch Bros by 49.8% during the first quarter. Blair William & Co. IL now owns 179,103 shares of the company's stock worth $11,058,000 after buying an additional 59,542 shares in the last quarter. Finally, J. Safra Sarasin Holding AG acquired a new stake in Dutch Bros during the first quarter worth approximately $617,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were 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 directly owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the completion of the transaction, the insider owned 2,373,933 shares of the company's stock, valued at $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,465,214 shares of company stock valued at $237,721,138 over the last 90 days. Company insiders own 42.40% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on BROS. Barclays upped their target price on Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Stifel Nicolaus lowered their target price on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. TD Securities reaffirmed a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. CICC Research began coverage on Dutch Bros in a report on Monday, June 30th. They set an "outperform" rating and a $80.00 price target for the company. Finally, Morgan Stanley reiterated an "overweight" rating and set a $84.00 price target (up from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $77.82.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded down $0.26 during mid-day trading on Friday, reaching $63.00. The company had a trading volume of 2,515,072 shares, compared to its average volume of 3,994,351. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 134.05, a PEG ratio of 3.55 and a beta of 2.63. The company's 50-day moving average price is $65.34 and its 200-day moving average price is $65.80. Dutch Bros Inc. has a one year low of $30.30 and a one year high of $86.88.

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

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.