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Wellington Management Group LLP Increases Stake in Dutch Bros Inc. $BROS

Dutch Bros logo with Retail/Wholesale background

Key Points

  • Wellington Management Group LLP increased its stake in Dutch Bros Inc. by 7.1% during the first quarter, owning approximately 893,909 shares worth $55.19 million.
  • Several institutional investors have significantly raised their positions in Dutch Bros, including a 254.2% increase by Price T Rowe Associates and a 638.6% increase by Coppell Advisory Solutions.
  • Wall Street analysts have a consensus average rating of "Buy" for Dutch Bros, with price targets ranging from $79.76 to $92.00, indicating strong growth potential for the company.
  • Want stock alerts on Dutch Bros? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Wellington Management Group LLP increased its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 893,909 shares of the company's stock after buying an additional 59,200 shares during the quarter. Wellington Management Group LLP owned 0.58% of Dutch Bros worth $55,190,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BROS. D. E. Shaw & Co. Inc. grew its holdings in Dutch Bros by 14.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock worth $268,095,000 after buying an additional 627,875 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Dutch Bros by 120.6% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,082,414 shares of the company's stock valued at $66,828,000 after purchasing an additional 591,657 shares during the period. Bank of Nova Scotia grew its stake in Dutch Bros by 751.0% in the 1st quarter. Bank of Nova Scotia now owns 625,036 shares of the company's stock valued at $38,589,000 after purchasing an additional 551,587 shares during the period. Deutsche Bank AG grew its stake in Dutch Bros by 8,912.8% in the 4th quarter. Deutsche Bank AG now owns 546,268 shares of the company's stock valued at $28,614,000 after purchasing an additional 540,207 shares during the period. Finally, Nuveen LLC bought a new position in Dutch Bros in the 1st quarter valued at $20,299,000. Institutional investors own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BROS shares. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. Royal Bank Of Canada increased their price target on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Barclays increased their price target on Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Robert W. Baird increased their price target on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Melius Research upgraded Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of "Buy" and a consensus target price of $79.76.

Get Our Latest Analysis on Dutch Bros

Dutch Bros Price Performance

NYSE BROS traded up $0.98 during trading hours on Wednesday, hitting $73.25. The company had a trading volume of 3,286,907 shares, compared to its average volume of 3,221,500. Dutch Bros Inc. has a 52 week low of $30.30 and a 52 week high of $86.88. The firm has a 50 day simple moving average of $64.70 and a 200 day simple moving average of $65.88. 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 capitalization of $12.05 billion, a price-to-earnings ratio of 155.86, a PEG ratio of 3.91 and a beta of 2.63.

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

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 1,250,371 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. This trade represents a 49.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 1,279,144 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 3,161,101 shares of company stock worth $207,633,882. 42.40% of the stock is currently owned by insiders.

Dutch Bros Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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