Universal Beteiligungs und Servicegesellschaft mbH Acquires 7,689 Shares of 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 lifted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,509 shares of the company's stock after acquiring 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 filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Dutch Bros by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock worth $533,465,000 after acquiring an additional 153,070 shares during the last quarter. FMR LLC boosted its holdings in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock worth $341,333,000 after purchasing an additional 3,227,435 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Dutch Bros by 14.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock worth $268,095,000 after purchasing an additional 627,875 shares in the last quarter. FIL Ltd bought a new stake in Dutch Bros in the fourth quarter worth $176,298,000. Finally, Geode Capital Management LLC boosted its holdings in Dutch Bros by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company's stock worth $94,079,000 after purchasing an additional 22,214 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the sale, the insider owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 722,841 shares of the firm's 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 sale, the chairman directly owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. Company insiders own 42.40% of the company's stock.

Dutch Bros Price Performance

NYSE:BROS traded up $1.81 during mid-day trading on Wednesday, hitting $60.12. The company's stock had a trading volume of 3,265,444 shares, compared to its average volume of 2,147,899. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 154.16, a P/E/G ratio of 3.23 and a beta of 2.65. The stock has a fifty day moving average of $67.26 and a 200-day moving average of $65.54.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Royal Bank Of Canada assumed coverage on shares of Dutch Bros in a report on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group assumed coverage on shares of Dutch Bros in a report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 price objective for the company. Finally, UBS Group decreased their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $76.06.

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.