Northern Trust Corp Has $39.33 Million Stock Position in Dutch Bros Inc. $BROS

Key Points

• Northern Trust Corp reduced its holdings in Dutch Bros Inc. by 18.8% in the first quarter, owning 636,939 shares worth approximately $39.3 million after selling 147,641 shares.
• Institutional investors have been active, with D. E. Shaw & Co. increasing its stake by 14.0% and Bank of Nova Scotia boosting its stake by an impressive 751.0% during the same period.
• Analysts have a positive outlook on Dutch Bros, with the average price target set at $80.06, supported by two strong buy ratings and sixteen buy ratings from various research firms.

Northern Trust Corp lowered its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 18.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 636,939 shares of the company's stock after selling 147,641 shares during the quarter. Northern Trust Corp owned about 0.41% of Dutch Bros worth $39,325,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BROS. AdvisorNet Financial Inc acquired a new stake in Dutch Bros during the first quarter worth approximately $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros in the 1st quarter valued at $31,000. Gould Capital LLC boosted its holdings in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after purchasing an additional 140 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the 4th quarter valued at $43,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Analysts Set New Price Targets

BROS has been the topic of a number of research analyst reports. Robert W. Baird raised their target price on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Bank of America raised their target price on Dutch Bros from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Piper Sandler reduced their target price on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group initiated coverage on Dutch Bros in a report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 target price on the stock. Finally, UBS Group raised their target price on Dutch Bros from $80.00 to $85.00 and gave the company a "buy" rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $80.06.

Dutch Bros Trading Down 3.1%

BROS traded down $2.27 during trading on Friday, reaching $71.97. 3,341,555 shares of the company's stock were exchanged, compared to its average volume of 4,338,131. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. Dutch Bros Inc. has a one year low of $30.30 and a one year high of $86.88. The firm has a fifty day moving average price of $64.95 and a two-hundred day moving average price of $65.93. The stock has a market capitalization of $11.84 billion, a PE ratio of 133.02, a price-to-earnings-growth ratio of 4.03 and a beta of 2.64.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. The company had revenue of $415.81 million for 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 was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, equities research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 787,681 shares of the company'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 directly owned 975,031 shares of the company's stock, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction on 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 trade represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,161,101 shares of company stock valued at $207,633,882 in the last three months. Insiders own 42.40% of the company's stock.

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.