Savoir Faire Capital Management L.P. Increases Stake in Dutch Bros Inc. (NYSE:BROS)

Savoir Faire Capital Management L.P. lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,943 shares of the company's stock after acquiring an additional 8,202 shares during the period. Dutch Bros accounts for about 3.3% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 12th largest position. Savoir Faire Capital Management L.P.'s holdings in Dutch Bros were worth $3,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. AdvisorNet Financial Inc purchased a new position in shares of Dutch Bros during the 1st quarter valued at approximately $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros in the 1st quarter valued at about $31,000. Coppell Advisory Solutions LLC grew its stake in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in Dutch Bros in the fourth quarter worth about $43,000. Finally, GAMMA Investing LLC increased its holdings in Dutch Bros by 85.3% in the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after buying an additional 378 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on BROS. The Goldman Sachs Group started coverage on shares of Dutch Bros in a research note on Thursday, June 26th. They issued a "neutral" rating and a $75.00 price objective for the company. Guggenheim boosted their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. TD Securities reiterated a "buy" rating and set a $78.00 price objective on shares of Dutch Bros in a report on Thursday, May 8th. Royal Bank Of Canada began coverage on Dutch Bros in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 target price on the stock. Finally, Barclays raised their price target on Dutch Bros from $82.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $76.06.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the transaction, the insider directly owned 2,373,933 shares in the company, valued at $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the sale, the chairman owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is owned by corporate insiders.

Dutch Bros Trading Up 0.4%

NYSE BROS traded up $0.22 on Tuesday, reaching $62.79. The company had a trading volume of 1,502,416 shares, compared to its average volume of 3,077,729. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 161.00, a P/E/G ratio of 3.47 and a beta of 2.65. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The business has a 50 day moving average of $68.41 and a two-hundred day moving average of $65.45. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The company's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. Analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current 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.