Royal Bank of Canada Has $12.59 Million Stock Holdings in Dutch Bros Inc. $BROS

Key Points

• The Royal Bank of Canada increased its stake in Dutch Bros Inc. by 47.6%, now holding approximately 204,000 shares worth over $12.5 million.
• Several institutional investors, including AdvisorNet Financial and Cullen Frost Bankers, have also recently modified their holdings in Dutch Bros, demonstrating increased interest in the company.
• Wall Street analysts have raised their price targets for Dutch Bros, with Royal Bank of Canada setting a new target of $85.00, indicating a positive outlook for the stock.

Royal Bank of Canada lifted its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 47.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,964 shares of the company's stock after buying an additional 65,801 shares during the period. Royal Bank of Canada owned about 0.13% of Dutch Bros worth $12,593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros in the first quarter worth $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros in the first quarter worth $31,000. Gould Capital LLC raised its holdings in shares of Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of Dutch Bros during the fourth quarter worth $43,000. Finally, GAMMA Investing LLC raised its holdings in shares of Dutch Bros by 85.3% during the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after acquiring an additional 378 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 787,681 shares of Dutch Bros stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the sale, the chairman directly owned 975,031 shares of the company's stock, valued at $67,218,637.14. This trade represents a 44.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the sale, the insider directly owned 1,279,144 shares in the company, 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 have sold 3,161,101 shares of company stock worth $207,633,882. 42.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BROS shares. Royal Bank Of Canada increased their price objective on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price objective (up from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th. Guggenheim increased their price objective on Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Barclays increased their price objective on Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Melius Research upgraded Dutch Bros to a "strong-buy" rating in a report on Monday, July 14th. Two equities research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $80.06.

Dutch Bros Trading Down 1.0%

Shares of NYSE:BROS opened at $65.01 on Thursday. The company has a market cap of $10.70 billion, a P/E ratio of 138.33, a P/E/G ratio of 3.68 and a beta of 2.64. The stock's 50-day moving average is $64.99 and its 200-day moving average is $65.41. Dutch Bros Inc. has a 52-week low of $30.49 and a 52-week 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 issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm's revenue was up 28.0% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. Equities research analysts predict 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.

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