Triton Wealth Management PLLC Takes $552,000 Position in Dutch Bros Inc. $BROS

Key Points

• Triton Wealth Management PLLC has acquired a new position in Dutch Bros Inc., purchasing 8,072 shares valued at approximately $552,000 during the second quarter.
• Recent quarterly earnings for Dutch Bros revealed earnings per share of $0.26, surpassing estimates and marking a 28% year-over-year revenue increase to $415.81 million.
• Insider trading activity is notable, with Chairman Travis Boersma selling over 1.25 million shares at an average price of $65.17, representing a significant decrease in his ownership of the stock.

Triton Wealth Management PLLC bought a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,072 shares of the company's stock, valued at approximately $552,000.

Several other institutional investors and hedge funds have also made changes to their positions in BROS. Cullen Frost Bankers Inc. purchased a new position in shares of Dutch Bros in the first quarter valued at $31,000. Banque Transatlantique SA purchased a new position in shares of Dutch Bros in the first quarter valued at $38,000. Kiker Wealth Management LLC boosted its stake in shares of Dutch Bros by 4,423.1% in the second quarter. Kiker Wealth Management LLC now owns 588 shares of the company's stock valued at $40,000 after purchasing an additional 575 shares during the period. GAMMA Investing LLC boosted its stake in shares of Dutch Bros by 85.3% in the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after purchasing an additional 378 shares during the period. Finally, Stone House Investment Management LLC bought a new position in Dutch Bros during the 1st quarter valued at $54,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Trading Up 1.3%

Dutch Bros stock opened at $52.97 on Wednesday. Dutch Bros Inc. has a 12-month low of $32.68 and a 12-month high of $86.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $61.24 and a 200-day simple moving average of $63.22. The stock has a market capitalization of $8.71 billion, a PE ratio of 112.70, a price-to-earnings-growth ratio of 2.89 and a beta of 2.55.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data 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. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The company had revenue of $415.81 million during the quarter, compared to analyst estimates of $403.24 million. During the same quarter last year, the firm posted $0.19 EPS. The business's revenue for the quarter was up 28.0% on a year-over-year basis. As a group, equities research analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

BROS has been the topic of a number of research analyst reports. TD Cowen reiterated a "buy" rating and set a $86.00 price objective on shares of Dutch Bros in a research note on Tuesday, August 19th. Royal Bank Of Canada reiterated an "outperform" rating and set a $85.00 price objective on shares of Dutch Bros in a research note on Wednesday, September 24th. UBS Group increased their price objective on shares of Dutch Bros from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Guggenheim increased their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $79.88.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 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 value of $81,486,678.07. Following the completion of the transaction, the chairman directly owned 1,279,144 shares in the company, valued at $83,361,814.48. This trade represents a 49.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm'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 completion of the transaction, the insider owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,161,101 shares of company stock valued at $207,633,882. Corporate insiders own 42.40% of the company's stock.

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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