Joule Financial LLC Purchases New Shares in Dutch Bros Inc. $BROS

Key Points

• Joule Financial LLC has acquired 10,586 shares of Dutch Bros Inc., valued at approximately $724,000, marking their new position as of the second quarter.
• Numerous institutional investors have significantly increased their stakes in Dutch Bros, with 85.54% of the stock now owned by these investors, indicating strong interest in the company.
• Research analysts have a consensus rating of "Moderate Buy" for Dutch Bros, with an average target price of $79.88, following several upgrades from various financial institutions.

Joule Financial LLC acquired a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,586 shares of the company's stock, valued at approximately $724,000.

A number of other large investors have also recently made changes to their positions in BROS. BNP Paribas Financial Markets grew its position in Dutch Bros by 1,572.2% in the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company's stock worth $70,661,000 after acquiring an additional 1,076,045 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Dutch Bros by 29.9% in the 1st quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company's stock valued at $211,163,000 after purchasing an additional 788,100 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Dutch Bros by 421.1% in the 1st quarter. AQR Capital Management LLC now owns 810,273 shares of the company's stock worth $48,843,000 after purchasing an additional 654,794 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Dutch Bros during the 2nd quarter valued at approximately $44,380,000. Finally, Lord Abbett & CO. LLC raised its holdings in Dutch Bros by 120.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,082,414 shares of the company's stock valued at $66,828,000 after buying an additional 591,657 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen reiterated a "buy" rating and set a $86.00 price objective on shares of Dutch Bros in a research report on Tuesday, August 19th. Guggenheim upped their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a report on Thursday, August 7th. CICC Research started coverage on shares of Dutch Bros in a research report on Monday, June 30th. They issued an "outperform" rating and a $80.00 price objective on the stock. Barclays boosted their target price on Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, Melius Research upgraded Dutch Bros to a "strong-buy" rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $79.88.

Dutch Bros Stock Performance

Shares of NYSE:BROS opened at $50.52 on Monday. The firm's 50 day simple moving average is $62.46 and its 200-day simple moving average is $64.03. 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 one year low of $30.49 and a one year high of $86.88. The firm has a market cap of $8.31 billion, a PE ratio of 107.49, a price-to-earnings-growth ratio of 2.79 and a beta of 2.55.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly 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. The firm had revenue of $415.81 million during 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%.Dutch Bros's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, equities analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 49.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 1,279,144 shares in the company, valued at $83,361,814.48. This trade represents a 27.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,161,101 shares of company stock worth $207,633,882. 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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