Janney Capital Management LLC Buys Shares of 5,411 Dutch Bros Inc. $BROS

Key Points

• Janney Capital Management LLC acquired 5,411 shares of Dutch Bros Inc. during Q2, totaling around $370,000, marking a significant institutional investment in the company.
• Insider trading saw substantial sales, with Chairman Travis Boersma selling over 787,000 shares, which decreased his holdings by nearly 45%.
• Despite recent insider sales, financial analysts remain positive, with several raising their target prices; Barclays recently increased its target from $84.00 to $92.00.

Janney Capital Management LLC purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,411 shares of the company's stock, valued at approximately $370,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc bought a new stake in Dutch Bros in the first quarter worth $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros in the first quarter worth about $31,000. Banque Transatlantique SA bought a new stake in shares of Dutch Bros during the 1st quarter worth about $38,000. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 378 shares during the last quarter. Finally, Stone House Investment Management LLC bought a new position in shares of Dutch Bros in the 1st quarter valued at approximately $54,000. Institutional investors own 85.54% of the company's stock.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 787,681 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.94, for a total value of $54,302,728.14. Following the sale, the chairman owned 975,031 shares of the company's stock, valued at $67,218,637.14. The trade was a 44.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the transaction, the insider owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,161,101 shares of company stock worth $207,633,882. 42.40% of the stock is currently owned by company insiders.

Dutch Bros Stock Performance

NYSE BROS opened at $52.31 on Wednesday. The company's fifty day moving average is $62.98 and its two-hundred day moving average is $64.30. Dutch Bros Inc. has a 52-week low of $30.49 and a 52-week high of $86.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 111.31, a P/E/G ratio of 2.91 and a beta of 2.64.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $403.24 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm's revenue was up 28.0% on a year-over-year basis. Equities research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

BROS has been the subject of a number of recent analyst reports. Barclays upped 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. CICC Research started coverage on shares of Dutch Bros in a research note on Monday, June 30th. They issued an "outperform" rating and a $80.00 target price on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 target price (up previously from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th. Royal Bank Of Canada restated an "outperform" rating and set a $85.00 price target on shares of Dutch Bros in a report on Wednesday, September 24th. Finally, TD Cowen reiterated a "buy" rating and issued a $86.00 price objective on shares of Dutch Bros in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $79.88.

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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