Redwood Investment Management LLC Acquires Shares of 21,174 Dutch Bros Inc. $BROS

Key Points

• Redwood Investment Management LLC has acquired a new stake in Dutch Bros Inc., purchasing 21,174 shares valued at approximately $1.31 million.
• Institutional investors currently own 85.54% of Dutch Bros Inc.'s stock, with several major firms significantly increasing their positions in the first quarter.
• Dutch Bros reported $0.26 earnings per share for the last quarter, exceeding analysts' estimates, and experienced a 28.0% year-over-year revenue growth.

Redwood Investment Management LLC bought a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,174 shares of the company's stock, valued at approximately $1,307,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Gould Capital LLC grew its position in Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after purchasing an additional 140 shares during the last quarter. Hollencrest Capital Management grew its position in Dutch Bros by 21.2% in the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock worth $68,000 after purchasing an additional 192 shares during the last quarter. Copia Wealth Management grew its position in Dutch Bros by 14.7% in the 1st quarter. Copia Wealth Management now owns 1,595 shares of the company's stock worth $98,000 after purchasing an additional 205 shares during the last quarter. GAMMA Investing LLC grew its position in Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after purchasing an additional 378 shares during the last quarter. Finally, AdvisorNet Financial Inc bought a new position in Dutch Bros in the 1st quarter worth about $31,000. Institutional investors own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BROS. Barclays upped their price target on shares of Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and issued a $84.00 price target (up from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. Robert W. Baird upped their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Bank of America upped their price target on shares of Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Melius Research raised shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $80.06.

Dutch Bros Price Performance

BROS stock traded down $2.27 on Friday, hitting $71.97. 3,341,555 shares of the company's stock traded hands, compared to its average volume of 4,318,958. Dutch Bros Inc. has a 1-year low of $30.30 and a 1-year high of $86.88. The stock has a market cap of $11.84 billion, a price-to-earnings ratio of 153.13, a P/E/G ratio of 4.03 and a beta of 2.63. The stock has a fifty day moving average of $64.95 and a 200-day moving average of $66.05. 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 (NYSE:BROS - Get Free Report) last released its quarterly 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. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The business had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. The firm's revenue was up 28.0% compared to the same quarter last year. On average, analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $81,486,678.07. Following the completion of the sale, the chairman directly owned 1,279,144 shares of the company's stock, valued at $83,361,814.48. This represents a 49.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,161,101 shares of company stock worth $207,633,882. Company 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.