Woodline Partners LP Buys 185,072 Shares of Dutch Bros Inc. $BROS

Key Points

• Woodline Partners LP has significantly increased its stake in Dutch Bros Inc. by 772.6%, acquiring 185,072 shares, bringing its total to 209,027 shares worth approximately $12.9 million.
• Major shareholders, including Dm Individual Aggregator, LLC and Chairman Travis Boersma, sold a combined over 1.7 million shares of Dutch Bros stock on August 22, representing substantial decreases in their ownership.
• Analysts have raised price targets for Dutch Bros, with Bank of America setting a new target of $84.00 and UBS Group increasing it to $85.00, indicating a positive outlook for the stock.

Woodline Partners LP increased its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 772.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 209,027 shares of the company's stock after purchasing an additional 185,072 shares during the quarter. Woodline Partners LP owned approximately 0.14% of Dutch Bros worth $12,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Gould Capital LLC raised its holdings in Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after acquiring an additional 140 shares during the period. Hollencrest Capital Management raised its holdings in Dutch Bros by 21.2% during the first quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock valued at $68,000 after acquiring an additional 192 shares during the period. Copia Wealth Management raised its holdings in Dutch Bros by 14.7% during the first quarter. Copia Wealth Management now owns 1,595 shares of the company's stock valued at $98,000 after acquiring an additional 205 shares during the period. GAMMA Investing LLC raised its holdings in Dutch Bros by 85.3% during the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after acquiring an additional 378 shares during the period. Finally, AdvisorNet Financial Inc bought a new stake in Dutch Bros during the first quarter valued at about $31,000. 85.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on BROS. Bank of America raised their price target on Dutch Bros from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Royal Bank Of Canada raised their price target on Dutch Bros from $83.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. CICC Research started coverage on Dutch Bros in a report on Monday, June 30th. They set an "outperform" rating and a $80.00 price target on the stock. UBS Group lifted their target price on Dutch Bros from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Melius Research raised Dutch Bros to a "strong-buy" rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $80.06.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the transaction, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 1,250,371 shares of Dutch Bros stock in a transaction dated Friday, August 22nd. The stock was 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 owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. This represents a 49.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is currently owned by company insiders.

Dutch Bros Trading Up 2.4%

Shares of BROS stock opened at $66.57 on Friday. Dutch Bros Inc. has a 12-month low of $30.49 and a 12-month high of $86.88. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The stock's 50-day moving average price is $64.98 and its 200-day moving average price is $65.35. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 141.64, a price-to-earnings-growth ratio of 3.60 and a beta of 2.64.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million for the quarter, compared to analysts' expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The business's revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. Equities research analysts predict that Dutch Bros Inc. will post 0.57 EPS 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.

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