Dutch Bros Inc. (NYSE:BROS) Shares Purchased by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. increased its stake in Dutch Bros Inc. by 328.6%, owning approximately $6.51 million in shares after purchasing 80,800 additional shares in the 1st quarter.
• Insider transactions revealed that Chairman Travis Boersma sold 722,841 shares for over $48 million, representing a 27.14% decrease in his ownership.
• Various analysts have issued reports with upgraded price targets for Dutch Bros, with Barclays increasing their target from $82 to $84, indicating a positive outlook on the stock.

Victory Capital Management Inc. boosted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 328.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,386 shares of the company's stock after buying an additional 80,800 shares during the period. Victory Capital Management Inc. owned 0.07% of Dutch Bros worth $6,507,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FIL Ltd bought a new position in Dutch Bros in the 4th quarter worth about $176,298,000. FMR LLC lifted its stake in Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after acquiring an additional 3,227,435 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in Dutch Bros by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after acquiring an additional 627,875 shares during the period. Deutsche Bank AG lifted its stake in Dutch Bros by 8,912.8% during the 4th quarter. Deutsche Bank AG now owns 546,268 shares of the company's stock valued at $28,614,000 after acquiring an additional 540,207 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in Dutch Bros during the 4th quarter valued at about $25,706,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the transaction, the insider owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $48,300,235.62. Following the completion of the transaction, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. Corporate insiders own 42.40% of the company's stock.

Dutch Bros Price Performance

BROS stock traded up $1.01 during midday trading on Friday, hitting $59.47. The company's stock had a trading volume of 3,333,714 shares, compared to its average volume of 2,291,797. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The company has a quick ratio of 1.75, a current ratio of 1.95 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 123.96, a price-to-earnings-growth ratio of 3.29 and a beta of 2.65. The company has a 50 day moving average of $67.69 and a two-hundred day moving average of $65.45.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on BROS. TD Securities restated a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. The Goldman Sachs Group began coverage on shares of Dutch Bros in a research note on Thursday, June 26th. They set a "neutral" rating and a $75.00 target price on the stock. Robert W. Baird upped their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Melius Research raised shares of Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Finally, Wedbush reaffirmed an "outperform" rating and set a $90.00 price target on shares of Dutch Bros in a research report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $76.06.

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.