Invesco Ltd. Purchases 192,458 Shares of Dutch Bros Inc. (NYSE:BROS)

Key Points

• Invesco Ltd. has increased its stake in Dutch Bros Inc. by 16.4%, acquiring an additional 192,458 shares, bringing its total ownership to approximately $84.3 million.
• Institutional investors now own 85.54% of Dutch Bros stock, with several firms such as D.E. Shaw and Barclays significantly increasing their holdings recently.
• Analyst ratings for Dutch Bros are predominantly positive, with a consensus average price target of $77.82 and several firms issuing "buy" and "outperform" ratings.

Invesco Ltd. raised its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,365,281 shares of the company's stock after purchasing an additional 192,458 shares during the period. Invesco Ltd. owned 0.89% of Dutch Bros worth $84,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BROS. D. E. Shaw & Co. Inc. grew its holdings in Dutch Bros by 14.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after purchasing an additional 627,875 shares during the period. Bank of Nova Scotia grew its holdings in Dutch Bros by 751.0% during the first quarter. Bank of Nova Scotia now owns 625,036 shares of the company's stock valued at $38,589,000 after purchasing an additional 551,587 shares during the period. Deutsche Bank AG grew its holdings in Dutch Bros by 8,912.8% during the fourth quarter. Deutsche Bank AG now owns 546,268 shares of the company's stock valued at $28,614,000 after purchasing an additional 540,207 shares during the period. Lord Abbett & CO. LLC bought a new position in Dutch Bros during the fourth quarter valued at $25,706,000. Finally, Barclays PLC grew its holdings in Dutch Bros by 699.4% during the fourth quarter. Barclays PLC now owns 429,693 shares of the company's stock valued at $22,507,000 after purchasing an additional 375,943 shares during the period. 85.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

BROS has been the subject of several research reports. Stifel Nicolaus reduced their price objective on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Robert W. Baird raised their price target on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Bank of America raised their price target on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Royal Bank Of Canada raised their price target on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Barclays raised their price target on Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $77.82.

Dutch Bros Trading Down 0.4%

Shares of BROS stock opened at $63.00 on Friday. 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 $30.30 and a 52-week high of $86.88. The company has a market capitalization of $10.36 billion, a PE ratio of 134.05, a price-to-earnings-growth ratio of 3.55 and a beta of 2.63. The business's fifty day moving average is $65.34 and its 200 day moving average is $65.80.

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

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction dated 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 in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $10,641,352.28. Following the sale, the insider owned 1,940,245 shares in the company, valued at $129,647,170.90. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock worth $237,721,138 in the last 90 days. Company insiders own 42.40% of the company's stock.

Dutch Bros 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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