WoodTrust Financial Corp Sells 1,100 Shares of Dutch Bros Inc. $BROS

WoodTrust Financial Corp reduced its position in shares of Dutch Bros Inc. (NYSE:BROS) by 13.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,000 shares of the company’s stock after selling 1,100 shares during the quarter. WoodTrust Financial Corp’s holdings in Dutch Bros were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. 1832 Asset Management L.P. boosted its holdings in shares of Dutch Bros by 29.9% during the 1st quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock worth $211,163,000 after buying an additional 788,100 shares during the period. Invesco Ltd. boosted its holdings in shares of Dutch Bros by 16.4% during the 1st quarter. Invesco Ltd. now owns 1,365,281 shares of the company’s stock worth $84,292,000 after buying an additional 192,458 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Dutch Bros by 25.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,324,676 shares of the company’s stock worth $81,786,000 after buying an additional 272,473 shares during the period. Driehaus Capital Management LLC boosted its holdings in shares of Dutch Bros by 3.0% during the 1st quarter. Driehaus Capital Management LLC now owns 1,320,807 shares of the company’s stock worth $81,547,000 after buying an additional 38,989 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Dutch Bros by 1,572.2% during the 1st quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock worth $70,661,000 after buying an additional 1,076,045 shares during the period. 85.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction on 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 owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This represents a 49.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction on Friday, August 22nd. The shares were 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. This represents a 27.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,161,101 shares of company stock valued at $207,633,882. Corporate insiders own 42.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BROS. Barclays upped their price objective on shares of Dutch Bros from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $85.00 price target on shares of Dutch Bros in a report on Wednesday, September 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a report on Saturday, September 27th. Guggenheim increased their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, The Goldman Sachs Group reduced their price target on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.88.

Dutch Bros Trading Down 2.9%

Shares of BROS stock opened at $47.59 on Wednesday. Dutch Bros Inc. has a 52-week low of $30.49 and a 52-week high of $86.88. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 101.26, a P/E/G ratio of 2.71 and a beta of 2.55. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The firm has a fifty day moving average of $62.04 and a 200-day moving average of $63.80.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $403.24 million. During the same quarter in the prior year, the company posted $0.19 EPS. The business’s revenue was up 28.0% on a year-over-year basis. On average, equities research analysts forecast 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.