Oak Ridge Investments LLC Acquires New Stake in Dutch Bros Inc. $BROS

Oak Ridge Investments 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 and Exchange Commission. The fund acquired 6,533 shares of the company's stock, valued at approximately $447,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BROS. BNP Paribas Financial Markets grew its stake in Dutch Bros by 1,572.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company's stock worth $70,661,000 after purchasing an additional 1,076,045 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Dutch Bros by 29.9% during the 1st quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company's stock worth $211,163,000 after purchasing an additional 788,100 shares in the last quarter. AQR Capital Management LLC grew its stake in Dutch Bros by 421.1% during 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 in the last quarter. Assenagon Asset Management S.A. acquired a new position in Dutch Bros during the 2nd quarter worth $44,380,000. Finally, Lord Abbett & CO. LLC grew its stake 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 worth $66,828,000 after purchasing an additional 591,657 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Dutch Bros Trading Down 1.4%

NYSE:BROS opened at $48.94 on Monday. The stock has a 50-day simple moving average of $61.45 and a 200-day simple moving average of $63.36. The stock has a market cap of $8.05 billion, a P/E ratio of 104.13, a P/E/G ratio of 2.70 and a beta of 2.55. Dutch Bros Inc. has a 1 year low of $30.79 and a 1 year high of $86.88. 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 (NYSE:BROS - Get Free Report) last announced its 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 analysts' expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The business's revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. As a group, analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on BROS shares. Royal Bank Of Canada reissued an "outperform" rating and set a $85.00 target price on shares of Dutch Bros in a research note on Wednesday, September 24th. The Goldman Sachs Group lowered their target price on Dutch Bros from $81.00 to $72.00 and set a "neutral" rating for the company in a research note on Tuesday, September 30th. UBS Group boosted their target price on Dutch Bros from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Morgan Stanley reissued an "overweight" rating and set a $84.00 target price (up from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. Finally, Bank of America upped their price objective on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Dutch Bros currently has a consensus rating of "Moderate Buy" and an average price target of $79.88.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 787,681 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.94, for a total value of $54,302,728.14. Following the completion of the sale, the chairman directly owned 975,031 shares of the company's stock, valued at $67,218,637.14. This represents a 44.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the sale, the insider directly 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. Over the last three months, insiders sold 3,161,101 shares of company stock valued at $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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