EFG Asset Management North America Corp. Sells 7,609 Shares of Dutch Bros Inc. $BROS

Key Points

• EFG Asset Management North America Corp. has reduced its stake in Dutch Bros Inc. by 14.2%, owning now 45,827 shares valued at approximately $2.83 million.
• Major shareholder Dm Individual Aggregator, LLC sold 482,750 shares of Dutch Bros stock, representing a 27.40% decrease in their ownership.
• Dutch Bros reported earnings of $0.26 EPS, beating the consensus estimate, and achieving 28.0% revenue growth year-over-year.

EFG Asset Management North America Corp. reduced its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 14.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,827 shares of the company's stock after selling 7,609 shares during the period. EFG Asset Management North America Corp.'s holdings in Dutch Bros were worth $2,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. AdvisorNet Financial Inc purchased a new stake in shares of Dutch Bros in the 1st quarter valued at $31,000. Cullen Frost Bankers Inc. purchased a new position in Dutch Bros in the first quarter worth approximately $31,000. Banque Transatlantique SA acquired a new stake in Dutch Bros during the first quarter worth approximately $38,000. Gould Capital LLC increased its holdings in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after acquiring an additional 140 shares during the period. Finally, Bernard Wealth Management Corp. purchased a new position in Dutch Bros in the 4th quarter valued at $43,000. Institutional investors own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

BROS has been the subject of several analyst reports. CICC Research started coverage on shares of Dutch Bros in a research note on Monday, June 30th. They issued an "outperform" rating and a $80.00 target price for the company. Bank of America raised their price target on shares of Dutch Bros from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Barclays lifted their price objective on shares of Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. UBS Group raised their price target on shares of Dutch Bros from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Melius Research raised shares of Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $80.06.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 1,250,371 shares of Dutch Bros 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 $81,486,678.07. Following the sale, the chairman directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 3,161,101 shares of company stock worth $207,633,882. Company insiders own 42.40% of the company's stock.

Dutch Bros Price Performance

NYSE BROS traded up $1.43 during midday trading on Tuesday, hitting $65.73. The company had a trading volume of 1,588,099 shares, compared to its average volume of 3,234,090. Dutch Bros Inc. has a twelve month low of $30.49 and a twelve month high of $86.88. The firm has a 50-day moving average price of $65.04 and a 200-day moving average price of $65.41. 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 company has a market capitalization of $10.81 billion, a PE ratio of 139.85, a P/E/G ratio of 3.65 and a beta of 2.64.

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

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.