Highland Capital Management LLC Has $233,000 Stake in Dutch Bros Inc. $BROS

Key Points

• Highland Capital Management LLC significantly reduced its stake in Dutch Bros Inc. by 87.3% in the 2nd quarter, holding only 3,409 shares worth $233,000 after selling 23,506 shares.
• Several large investors have altered their positions in Dutch Bros, with Wealth Enhancement Advisory Services LLC acquiring a new position worth $267,000 and GAMMA Investing LLC increasing its holdings by over 11,000% to a total of 50,689 shares valued at $3.13 million.
• Analysts hold a consensus rating of "Moderate Buy" for Dutch Bros stock, with an average price target of $79.88 and several firms increasing their price targets recently.

Highland Capital Management LLC cut its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 87.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,409 shares of the company's stock after selling 23,506 shares during the quarter. Highland Capital Management LLC's holdings in Dutch Bros were worth $233,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BROS. Wealth Enhancement Advisory Services LLC acquired a new position in Dutch Bros during the fourth quarter valued at approximately $267,000. GAMMA Investing LLC boosted its holdings in shares of Dutch Bros by 11,342.2% in the 1st quarter. GAMMA Investing LLC now owns 50,689 shares of the company's stock valued at $3,130,000 after purchasing an additional 50,246 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Dutch Bros in the 1st quarter valued at $359,000. Radnor Capital Management LLC raised its holdings in shares of Dutch Bros by 14.4% during the 1st quarter. Radnor Capital Management LLC now owns 5,310 shares of the company's stock worth $328,000 after buying an additional 670 shares in the last quarter. Finally, Wedmont Private Capital bought a new stake in shares of Dutch Bros during the 1st quarter worth $306,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on BROS. Weiss Ratings reiterated a "hold (c)" rating on shares of Dutch Bros in a research report on Saturday, September 27th. Barclays lifted their price target on shares of Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Guggenheim increased their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. TD Cowen reaffirmed a "buy" rating and set a $86.00 target price on shares of Dutch Bros in a research note on Tuesday, August 19th. Finally, CICC Research initiated coverage on Dutch Bros in a research note on Monday, June 30th. They issued an "outperform" rating and a $80.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of "Moderate Buy" and an average price target of $79.88.

Dutch Bros Price Performance

BROS stock opened at $50.52 on Monday. The company has a market capitalization of $8.31 billion, a P/E ratio of 107.49, a PEG ratio of 2.79 and a beta of 2.55. The company has a fifty day moving average price of $62.46 and a 200-day moving average price of $64.03. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. Dutch Bros Inc. has a 52-week low of $30.49 and a 52-week high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. The business 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 in the prior year, the business posted $0.19 earnings per share. As a group, equities analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 1,250,371 shares of Dutch Bros stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares of the company's stock, valued at $83,361,814.48. The trade was a 49.43% 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, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company's 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 $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. The trade was a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,161,101 shares of company stock valued at $207,633,882 over the last 90 days. 42.40% of the stock is owned by corporate insiders.

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.

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