J. Safra Sarasin Holding AG Makes New Investment in Dutch Bros Inc. (NYSE:BROS)

Key Points

• J. Safra Sarasin Holding AG acquired nearly 10,000 shares of Dutch Bros Inc. valued at approximately $617,000 as per its recent SEC filing, indicating institutional interest in the company.
• Major shareholder Dm Individual Aggregator, LLC sold over 531,000 shares valued at approximately $38.3 million, reducing their ownership by 18.29%.
• Analysts have set a consensus price target of $76.06 for Dutch Bros, with multiple upgrades to “buy” and “strong buy” ratings amidst a positive earnings report showing 28.7% year-over-year revenue growth.

J. Safra Sarasin Holding AG bought a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,992 shares of the company's stock, valued at approximately $617,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Gould Capital LLC boosted its holdings in Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares during the last quarter. Hollencrest Capital Management lifted its position in shares of Dutch Bros by 21.2% during the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock worth $68,000 after buying an additional 192 shares in the last quarter. Copia Wealth Management increased its position in shares of Dutch Bros by 14.7% during the first quarter. Copia Wealth Management now owns 1,595 shares of the company's stock valued at $98,000 after acquiring an additional 205 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Dutch Bros by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock worth $2,517,000 after acquiring an additional 310 shares during the period. Finally, GAMMA Investing LLC boosted its position in 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 purchasing an additional 378 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Price Performance

Shares of NYSE:BROS traded up $0.51 during trading on Wednesday, hitting $57.96. 7,010,137 shares of the company's stock were exchanged, compared to its average volume of 2,540,206. Dutch Bros Inc. has a 52-week low of $26.96 and a 52-week high of $86.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 119.69, a PEG ratio of 3.18 and a beta of 2.63. The business's 50-day simple moving average is $66.32 and its 200 day simple moving average is $65.53.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping 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 company had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. During the same quarter last year, the business posted $0.09 earnings per share. The firm's revenue was up 28.7% on a year-over-year basis. As a group, equities analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

BROS has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of Dutch Bros from $82.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. TD Securities restated a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. The Goldman Sachs Group assumed coverage on shares of Dutch Bros in a research note on Thursday, June 26th. They issued a "neutral" rating and a $75.00 target price for the company. Stifel Nicolaus lowered their target price on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group reduced their target price on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $76.06.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. The trade was a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the stock in a transaction that occurred on 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 owned 2,373,933 shares in the company, valued at approximately $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,465,214 shares of company stock worth $237,721,138 over the last quarter. 42.40% of the stock is currently owned by insiders.

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.