Hsbc Holdings PLC Takes Position in Dutch Bros Inc. $BROS

Key Points

• HSBC Holdings PLC has acquired a new stake in Dutch Bros Inc., buying 5,931 shares valued at approximately $365,000.
• Dutch Bros reported a 28% year-over-year revenue increase with earnings per share of $0.26, surpassing analysts' estimates.
• Major shareholders, including Dm Individual Aggregator, LLC, have sold significant shares, reducing their ownership in the company by more than 27%.

Hsbc Holdings PLC bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,931 shares of the company's stock, valued at approximately $365,000.

Other hedge funds have also modified their holdings of the company. Berkshire Capital Holdings Inc. purchased a new stake in Dutch Bros in the 1st quarter worth about $6,438,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Dutch Bros during the 4th quarter valued at about $267,000. West Michigan Advisors LLC acquired a new position in shares of Dutch Bros during the 1st quarter valued at about $401,000. Cherry Creek Investment Advisors Inc. grew its holdings in Dutch Bros by 63.9% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 21,253 shares of the company's stock valued at $1,312,000 after buying an additional 8,282 shares during the last quarter. Finally, Private Advisory Group LLC acquired a new stake in Dutch Bros in the 1st quarter valued at approximately $910,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BROS shares. The Goldman Sachs Group assumed coverage on Dutch Bros in a report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 target price on the stock. Bank of America raised their price objective on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Barclays raised their target price on Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. TD Cowen restated a "buy" rating and set a $86.00 target price on shares of Dutch Bros in a research report on Tuesday, August 19th. Finally, Guggenheim raised their target price on Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Dutch Bros currently has a consensus rating of "Buy" and a consensus price target of $80.06.

Insider Activity

In related news, Chairman Travis Boersma sold 787,681 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the sale, the chairman owned 975,031 shares in the company, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company's 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 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 position. The disclosure for this sale can be found here. Insiders have sold 3,161,101 shares of company stock worth $207,633,882 in the last quarter. 42.40% of the stock is currently owned by corporate insiders.

Dutch Bros Trading Down 7.6%

Shares of Dutch Bros stock traded down $5.40 during trading on Friday, reaching $66.03. 6,117,093 shares of the company were exchanged, compared to its average volume of 3,301,563. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. Dutch Bros Inc. has a twelve month low of $30.49 and a twelve month high of $86.88. The business has a 50-day moving average price of $65.12 and a 200-day moving average price of $65.74. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 140.49, a P/E/G ratio of 4.01 and a beta of 2.64.

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