Toth Financial Advisory Corp Takes Position in Dutch Bros Inc. $BROS

Key Points

• Toth Financial Advisory Corp has invested approximately $356,000 in Dutch Bros Inc., acquiring 5,210 shares of the company during the second quarter.
• A number of institutional investors, including Berkshire Capital Holdings and Jump Financial LLC, have also increased their holdings in Dutch Bros, with 85.54% of the stock owned by institutional investors.
• Several research firms have given Dutch Bros a consensus rating of "Buy" and set an average target price of around $80.06 for the stock, indicating positive growth expectations.

Toth Financial Advisory Corp bought a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,210 shares of the company's stock, valued at approximately $356,000.

Several other large investors have also recently added to or reduced their stakes in BROS. Farther Finance Advisors LLC lifted its stake in shares of Dutch Bros by 9.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,528 shares of the company's stock valued at $515,000 after purchasing an additional 670 shares during the period. My Legacy Advisors LLC grew its stake in shares of Dutch Bros by 13.0% during the second quarter. My Legacy Advisors LLC now owns 5,031 shares of the company's stock valued at $321,000 after buying an additional 580 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Dutch Bros in the 2nd quarter worth $44,380,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Dutch Bros in the second quarter worth about $5,241,000. Finally, Clare Market Investments LLC acquired a new position in Dutch Bros in the 2nd quarter valued at about $761,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Price Performance

NYSE BROS traded down $3.48 during trading on Monday, reaching $55.14. 6,263,137 shares of the company traded hands, compared to its average volume of 3,520,170. Dutch Bros Inc. has a 1-year low of $30.49 and a 1-year high of $86.88. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 117.33, a P/E/G ratio of 3.24 and a beta of 2.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The stock's 50 day moving average price is $64.17 and its two-hundred day moving average price is $64.62.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping 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 firm had revenue of $415.81 million for the quarter, compared to analysts' expectations of $403.24 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company's revenue was up 28.0% on a year-over-year basis. As a group, analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm's stock in a transaction dated 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 787,681 shares of the firm's stock in a transaction that occurred 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 transaction, the chairman owned 975,031 shares of the company's stock, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,161,101 shares of company stock valued at $207,633,882 in the last 90 days. Company insiders own 42.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays increased their target price on Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Bank of America upped their price objective 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. TD Cowen restated a "buy" rating and issued a $86.00 price objective on shares of Dutch Bros in a report on Tuesday, August 19th. Guggenheim raised their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Melius Research upgraded 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 assigned a Hold rating to the stock. According to data from MarketBeat, Dutch Bros currently has a consensus rating of "Buy" and a consensus price target of $80.06.

About Dutch Bros

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.