National Bank of Canada FI Buys Shares of 19,622 Dutch Bros Inc. $BROS

Key Points

• National Bank of Canada FI invested approximately $1.21 million in Dutch Bros Inc., purchasing 19,622 shares of the company's stock in the first quarter.
• Insider activity raised concerns as Chairman Travis Boersma sold 722,841 shares at an average price of $66.82, resulting in a 27.14% decrease in his position.
• Several analysts have recently adjusted their target prices for Dutch Bros, with Royal Bank of Canada raising its target from $83.00 to $85.00 and Barclays increasing it from $84.00 to $92.00.

National Bank of Canada FI acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,622 shares of the company's stock, valued at approximately $1,211,000.

Other institutional investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its position in Dutch Bros by 14.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock worth $268,095,000 after purchasing an additional 627,875 shares during the last quarter. Bank of Nova Scotia increased its position in Dutch Bros by 751.0% in the 1st quarter. Bank of Nova Scotia now owns 625,036 shares of the company's stock worth $38,589,000 after purchasing an additional 551,587 shares during the last quarter. Deutsche Bank AG increased its position in Dutch Bros by 8,912.8% in the 4th quarter. Deutsche Bank AG now owns 546,268 shares of the company's stock worth $28,614,000 after purchasing an additional 540,207 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Dutch Bros in the 4th quarter worth about $25,706,000. Finally, Barclays PLC increased its position in Dutch Bros by 699.4% in the 4th quarter. Barclays PLC now owns 429,693 shares of the company's stock worth $22,507,000 after purchasing an additional 375,943 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BROS shares. The Goldman Sachs Group started coverage on Dutch Bros in a research report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 target price on the stock. Stifel Nicolaus dropped their target price on Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley reaffirmed an "overweight" rating and issued a $84.00 target price (up from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. Melius Research raised Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Finally, Piper Sandler dropped their target price on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. 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. According to MarketBeat.com, Dutch Bros has a consensus rating of "Buy" and an average price target of $79.76.

Dutch Bros Stock Performance

Shares of BROS stock traded up $0.2110 during trading on Thursday, reaching $63.1510. The company had a trading volume of 1,863,101 shares, compared to its average volume of 4,126,323. The firm's 50 day simple moving average is $64.71 and its two-hundred day simple moving average is $65.83. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. Dutch Bros Inc. has a one year low of $30.30 and a one year high of $86.88. The company has a market capitalization of $10.39 billion, a PE ratio of 134.37, a PEG ratio of 3.53 and a beta of 2.63.

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 for the quarter, beating 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 business had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. During the same period last year, the business earned $0.19 EPS. The firm's revenue was up 28.0% compared to the same quarter last year. Sell-side analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

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.