Total Clarity Wealth Management Inc. Acquires New Shares in Dutch Bros Inc. $BROS

Key Points

• Total Clarity Wealth Management Inc. acquired 12,434 shares of Dutch Bros Inc. valued at approximately $850,000 during the second quarter.
• Several institutional investors, including 1832 Asset Management and BNP Paribas Financial Markets, significantly increased their stakes in Dutch Bros, indicating strong institutional interest.
• Dutch Bros reported $0.26 earnings per share, surpassing analyst expectations, and its revenue rose by 28% compared to the previous year.

Total Clarity Wealth Management Inc. acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 12,434 shares of the company's stock, valued at approximately $850,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. 1832 Asset Management L.P. grew its position in Dutch Bros by 29.9% during the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company's stock worth $211,163,000 after buying an additional 788,100 shares in the last quarter. Invesco Ltd. grew its position in Dutch Bros by 16.4% during the first quarter. Invesco Ltd. now owns 1,365,281 shares of the company's stock worth $84,292,000 after buying an additional 192,458 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Dutch Bros by 25.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,324,676 shares of the company's stock worth $81,786,000 after buying an additional 272,473 shares in the last quarter. Driehaus Capital Management LLC grew its position in Dutch Bros by 3.0% during the first quarter. Driehaus Capital Management LLC now owns 1,320,807 shares of the company's stock worth $81,547,000 after buying an additional 38,989 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Dutch Bros by 1,572.2% during the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company's stock worth $70,661,000 after buying an additional 1,076,045 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BROS shares. CICC Research started coverage on Dutch Bros in a research report on Monday, June 30th. They set an "outperform" rating and a $80.00 target price for the company. Melius Research upgraded Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Barclays upped 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. 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 report on Thursday, August 7th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $84.00 price objective (up from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Dutch Bros currently has a consensus rating of "Moderate Buy" and an average price target of $79.88.

Dutch Bros Trading Down 1.4%

Shares of BROS stock opened at $48.94 on Monday. The stock has a market capitalization of $8.05 billion, a PE 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 business has a 50-day moving average of $61.45 and a 200 day moving average of $63.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The company 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%.Dutch Bros's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. As a group, sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Insider Activity

In related news, Chairman Travis Boersma sold 787,681 shares of the 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 completion of the sale, the chairman directly owned 975,031 shares in the company, valued at $67,218,637.14. This represents a 44.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the 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 sale, the insider owned 1,279,144 shares of the company's stock, valued at $83,361,814.48. This 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 over the last 90 days. 42.40% of the stock is currently owned by company insiders.

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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