IMS Capital Management Acquires Shares of 44,056 Dutch Bros Inc. $BROS

Key Points

• IMS Capital Management has acquired 44,056 shares of Dutch Bros Inc., valued at approximately $3,012,000, representing about 1.4% of its investment portfolio.
• In significant insider activity, Chairman Travis Boersma sold 1,250,371 shares worth over $81 million, decreasing his ownership in the company by nearly 50%.
• Dutch Bros reported earnings of $0.26 EPS for the most recent quarter, exceeding analysts' expectations and showing a 28% year-over-year revenue growth.

IMS Capital Management bought a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 44,056 shares of the company's stock, valued at approximately $3,012,000. Dutch Bros accounts for about 1.4% of IMS Capital Management's investment portfolio, making the stock its 16th biggest position.

Several other hedge funds have also bought and sold shares of the business. AdvisorNet Financial Inc acquired a new position in Dutch Bros during the first quarter worth $31,000. Cullen Frost Bankers Inc. bought a new stake in shares of Dutch Bros during the first quarter worth about $31,000. Banque Transatlantique SA acquired a new stake in shares of Dutch Bros in the 1st quarter worth about $38,000. Bernard Wealth Management Corp. bought a new position in Dutch Bros in the 4th quarter valued at about $43,000. Finally, GAMMA Investing LLC boosted its stake in Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after purchasing an additional 378 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 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 transaction of $81,486,678.07. Following the completion of the transaction, the chairman 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company's stock in a transaction dated 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 sale, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is owned by corporate insiders.

Dutch Bros Stock Performance

Shares of BROS stock opened at $55.37 on Wednesday. The firm's 50 day moving average is $64.00 and its 200 day moving average is $64.56. The stock has a market capitalization of $9.11 billion, a P/E ratio of 117.82, a PEG ratio of 3.06 and a beta of 2.64. Dutch Bros Inc. has a 12 month low of $30.49 and a 12 month high of $86.88. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America raised their target price on Dutch Bros from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. UBS Group increased their price objective on shares of Dutch Bros from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Melius Research upgraded Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 price target (up from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada boosted their price objective on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros currently has an average rating of "Buy" and an average target price of $80.06.

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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