Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Position in Dutch Bros Inc. (NYSE:BROS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Dutch Bros Inc. by 7.1%, acquiring 7,689 additional shares, bringing its total holdings to 116,509 shares valued at about $7.19 million.
• Analysts have given Dutch Bros a consensus rating of "Buy" with an average price target of $76.06, reflecting optimism in the company's performance.
• Insider transactions are notable, with Chairman Travis Boersma selling 722,841 shares, reducing his stake by 27.14%, while insiders collectively sold over 3.46 million shares in the past ninety days.

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 116,509 shares of the company's stock after purchasing an additional 7,689 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Dutch Bros worth $7,193,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BROS. KLP Kapitalforvaltning AS bought a new position in shares of Dutch Bros in the fourth quarter valued at approximately $1,189,000. Vanguard Group Inc. grew its stake in Dutch Bros by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock valued at $533,465,000 after purchasing an additional 153,070 shares during the period. Norges Bank purchased a new stake in shares of Dutch Bros during the 4th quarter valued at $17,266,000. Pictet Asset Management Holding SA increased its position in shares of Dutch Bros by 11.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 16,204 shares of the company's stock valued at $849,000 after purchasing an additional 1,629 shares during the last quarter. Finally, Level Four Advisory Services LLC raised its stake in shares of Dutch Bros by 6.1% during the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after purchasing an additional 392 shares during the period. 85.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Piper Sandler dropped their target price on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Robert W. Baird upped their price objective on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Guggenheim raised their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. The Goldman Sachs Group began coverage on Dutch Bros in a research note on Thursday, June 26th. They issued a "neutral" rating and a $75.00 target price on the stock. Finally, Barclays increased their price target on Dutch Bros from $82.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Dutch Bros currently has a consensus rating of "Buy" and an average target price of $76.06.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the sale, the insider owned 2,373,933 shares of the company's stock, valued at $170,970,654.66. This represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the transaction, the chairman directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,465,214 shares of company stock worth $237,721,138 over the last quarter. Corporate insiders own 42.40% of the company's stock.

Dutch Bros Price Performance

Dutch Bros stock traded down $0.26 during mid-day trading on Monday, hitting $59.24. 1,812,524 shares of the company traded hands, compared to its average volume of 3,075,134. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.75 and a current ratio of 1.95. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 151.90, a price-to-earnings-growth ratio of 3.29 and a beta of 2.65. The stock has a fifty day moving average price of $67.69 and a 200-day moving average price of $65.58.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The firm's revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

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.