Neuberger Berman Group LLC Has $6.19 Million Stake in Dutch Bros Inc. $BROS

Key Points

• Neuberger Berman Group LLC increased its holdings in Dutch Bros Inc. by 76%, owning 100,288 shares worth about $6.2 million after purchasing an additional 43,300 shares.
• Major shareholder Dm Individual Aggregator, LLC sold 531,526 shares for over $38 million, reducing their ownership by 18.29%.
• Dutch Bros reported a 28% increase in revenue year-over-year, with earnings per share of $0.26, exceeding analyst estimates of $0.18.

Neuberger Berman Group LLC increased its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 76.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 100,288 shares of the company's stock after acquiring an additional 43,300 shares during the quarter. Neuberger Berman Group LLC owned about 0.07% of Dutch Bros worth $6,192,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. boosted its position in shares of Dutch Bros by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after acquiring an additional 627,875 shares during the last quarter. Bank of Nova Scotia boosted its holdings in Dutch Bros by 751.0% in the first quarter. Bank of Nova Scotia now owns 625,036 shares of the company's stock worth $38,589,000 after acquiring an additional 551,587 shares in the last quarter. Deutsche Bank AG boosted its holdings in Dutch Bros by 8,912.8% in the fourth quarter. Deutsche Bank AG now owns 546,268 shares of the company's stock worth $28,614,000 after acquiring an additional 540,207 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Dutch Bros during the fourth quarter valued at $25,706,000. Finally, Barclays PLC increased its position in Dutch Bros by 699.4% during the fourth quarter. Barclays PLC now owns 429,693 shares of the company's stock valued at $22,507,000 after acquiring an additional 375,943 shares during the last quarter. Institutional investors own 85.54% of the company's stock.

Dutch Bros Price Performance

Shares of Dutch Bros stock traded down $1.41 during trading on Tuesday, hitting $63.99. 1,086,024 shares of the company were exchanged, compared to its average volume of 3,200,380. The firm has a 50 day moving average price of $65.18 and a 200 day moving average price of $65.86. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 136.30, a P/E/G ratio of 3.54 and a beta of 2.63. Dutch Bros Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $86.88.

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 for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. The firm had revenue of $415.81 million during the quarter, compared to analysts' expectations of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The firm's revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS. On average, equities analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the transaction, the insider owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. The trade was a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were 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 approximately $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,541,845 shares of company stock valued at $102,452,100 in the last ninety days. Company insiders own 42.40% of the company's stock.

Analysts Set New Price Targets

BROS has been the subject of several research analyst reports. Melius Research upgraded Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Piper Sandler cut their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Royal Bank Of Canada boosted their target price on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. Finally, UBS Group decreased their price objective 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 investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $79.76.

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.