M&T Bank Corp Purchases 3,925 Shares of Dutch Bros Inc. (NYSE:BROS)

M&T Bank Corp grew its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 69.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,558 shares of the company's stock after purchasing an additional 3,925 shares during the period. M&T Bank Corp's holdings in Dutch Bros were worth $590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc bought a new stake in shares of Dutch Bros in the first quarter worth $31,000. Coppell Advisory Solutions LLC grew its holdings in shares of 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 acquiring an additional 447 shares during the period. Bernard Wealth Management Corp. bought a new stake in shares of Dutch Bros in the fourth quarter worth $43,000. GAMMA Investing LLC grew its holdings in shares of Dutch Bros by 85.3% in the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after acquiring an additional 378 shares during the period. Finally, Gould Capital LLC grew its holdings in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares during the period. Institutional investors own 85.54% of the company's stock.

Insider Activity

In other news, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the sale, the chairman directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of Dutch Bros stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the sale, the insider directly owned 2,373,933 shares in the company, 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 sold 3,465,214 shares of company stock worth $237,721,138 over the last 90 days. Company insiders own 42.40% of the company's stock.

Dutch Bros Price Performance

Shares of Dutch Bros stock traded up $0.51 during trading hours on Thursday, hitting $63.39. The company's stock had a trading volume of 1,154,349 shares, compared to its average volume of 3,084,949. The business has a 50 day moving average price of $68.71 and a two-hundred day moving average price of $65.11. Dutch Bros Inc. has a 12-month low of $26.96 and a 12-month high of $86.88. The company has a market cap of $10.43 billion, a PE ratio of 162.48, a PEG ratio of 3.83 and a beta of 2.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.75 and a current ratio of 1.95.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on BROS. Royal Bank Of Canada began coverage on Dutch Bros in a report on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price objective for the company. The Goldman Sachs Group began coverage on Dutch Bros in a report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 price objective for the company. Wedbush reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. UBS Group lowered their target price on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, Piper Sandler lowered their target price on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $76.06.

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.