Kingstone Capital Partners Texas LLC Acquires New Stake in Dutch Bros Inc. $BROS

Key Points

• Kingstone Capital Partners Texas LLC acquired 76,660 shares of Dutch Bros Inc. stock, valued at approximately $5.24 million.
• Dutch Bros reported earnings of $0.26 per share for the quarter, exceeding analysts' expectations of $0.18, alongside a revenue increase of 28% year-over-year.
• Insider transactions saw Chairman Travis Boersma selling 787,681 shares, resulting in a significant 44.69% decrease in his ownership of the stock.

Kingstone Capital Partners Texas LLC acquired a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 76,660 shares of the company's stock, valued at approximately $5,241,000.

Other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc purchased a new stake in shares of Dutch Bros during the first quarter worth $31,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Dutch Bros during the first quarter worth $31,000. Banque Transatlantique SA purchased a new stake in shares of Dutch Bros during the first quarter worth $38,000. Bernard Wealth Management Corp. purchased a new stake in shares of Dutch Bros during the fourth quarter worth $43,000. Finally, GAMMA Investing LLC lifted its position in shares of Dutch Bros by 85.3% during the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after acquiring an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Dutch Bros Stock Performance

Dutch Bros stock opened at $58.66 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average of $64.34 and a 200-day moving average of $64.68. The firm has a market cap of $9.65 billion, a P/E ratio of 124.81, a P/E/G ratio of 3.24 and a beta of 2.64. Dutch Bros Inc. has a 1-year low of $30.49 and a 1-year high of $86.88.

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

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 787,681 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the completion of the sale, the chairman directly owned 975,031 shares in the company, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Bank of America increased their target price on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Barclays increased 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. UBS Group upped their price target on shares of Dutch Bros from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Royal Bank Of Canada upped their price target on shares of Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, Guggenheim upped their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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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