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T. Rowe Price Investment Management Inc. Sells 294,680 Shares of Dutch Bros Inc. $BROS

Dutch Bros logo with Retail/Wholesale background

Key Points

  • T. Rowe Price Investment Management Inc. reduced its holdings in Dutch Bros Inc. by 11.9%, selling 294,680 shares during the first quarter and now owning approximately 1.41% of the company.
  • Institutional investors and hedge funds control 85.54% of Dutch Bros, with notable increases in holdings from firms such as D. E. Shaw & Co. Inc. and Invesco Ltd. in the last quarter.
  • Analyst ratings for Dutch Bros remain positive, with an average price target of $79.76 and multiple firms, including TD Securities and UBS Group, reiterating or adjusting their buy ratings.
  • Want stock alerts on Dutch Bros? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

T. Rowe Price Investment Management Inc. lessened its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,176,142 shares of the company's stock after selling 294,680 shares during the period. T. Rowe Price Investment Management Inc. owned about 1.41% of Dutch Bros worth $134,356,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BROS. Coppell Advisory Solutions LLC grew its holdings in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros in the first quarter worth approximately $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros in the first quarter worth approximately $31,000. Gould Capital LLC boosted its stake in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 787,681 shares of Dutch Bros 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 completion of the sale, the chairman directly owned 975,031 shares of the company's stock, valued at approximately $67,218,637.14. The trade was a 44.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business's stock in a transaction dated 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 transaction, the insider 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 ninety days, 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 Trading Up 2.3%

BROS stock traded up $1.65 during trading on Wednesday, hitting $73.92. The company had a trading volume of 1,401,274 shares, compared to its average volume of 3,209,716. The firm has a 50-day moving average price of $64.70 and a 200-day moving average price of $65.88. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 157.33, a PEG ratio of 3.91 and a beta of 2.63. Dutch Bros Inc. has a 12 month low of $30.30 and a 12 month high of $86.88. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69.

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 the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million for 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 company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. As a group, analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BROS shares. Guggenheim boosted their price objective on Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Bank of America lifted their price objective on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Barclays lifted their price objective on Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Royal Bank Of Canada boosted their price objective on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, TD Securities reissued a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a report on Thursday, May 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of "Buy" and an average price target of $79.76.

Get Our Latest Stock Report on Dutch Bros

Dutch Bros Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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