Dutch Bros Inc. $BROS Shares Acquired by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its holdings in Dutch Bros Inc. by 27.6% during the second quarter, acquiring a total of 228,604 shares valued at approximately $15.6 million.
• Insider transactions included the sale of 1,250,371 shares by Chairman Travis Boersma, decreasing his ownership by 49.43%, and total insider sales in the last ninety days reached $207.6 million.
• Analysts have raised their price targets for Dutch Bros, with UBS increasing its forecast from $80 to $85, reflecting a generally positive outlook with a consensus target price of $79.88.

Blair William & Co. IL increased its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 27.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,604 shares of the company's stock after purchasing an additional 49,501 shares during the period. Blair William & Co. IL owned 0.14% of Dutch Bros worth $15,630,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BROS. Joule Financial LLC acquired a new stake in shares of Dutch Bros during the second quarter worth about $724,000. Berkshire Capital Holdings Inc. acquired a new stake in Dutch Bros during the 1st quarter worth approximately $6,438,000. Jump Financial LLC grew its stake in shares of Dutch Bros by 47.3% in the 1st quarter. Jump Financial LLC now owns 223,771 shares of the company's stock valued at $13,816,000 after purchasing an additional 71,834 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Dutch Bros in the fourth quarter valued at approximately $267,000. Finally, Capital CS Group LLC purchased a new stake in shares of Dutch Bros during the second quarter worth approximately $470,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 shares of Dutch Bros stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the completion of the transaction, the chairman owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. The trade was a 49.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the sale, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,161,101 shares of company stock valued at $207,633,882 in the last ninety days. Corporate insiders own 42.40% of the company's stock.

Dutch Bros Price Performance

BROS stock opened at $48.94 on Friday. The firm has a 50 day moving average of $61.45 and a 200-day moving average of $63.41. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 104.13, a PEG ratio of 2.74 and a beta of 2.55. 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 Inc. has a 12-month low of $30.79 and a 12-month high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million during the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last 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.

Analyst Ratings Changes

BROS has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of Dutch Bros from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dutch Bros in a report on Wednesday. Morgan Stanley reissued 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. Guggenheim raised their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Bank of America boosted 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, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.88.

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.

Want to see what other hedge funds are holding BROS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dutch Bros Inc. (NYSE:BROS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.