Dutch Bros Inc. $BROS Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC grew its position in shares of Dutch Bros Inc. (NYSE:BROS) by 11.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,206 shares of the company’s stock after acquiring an additional 1,236 shares during the period. Inspire Advisors LLC’s holdings in Dutch Bros were worth $835,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew 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 purchasing an additional 1,076,045 shares during the period. 1832 Asset Management L.P. lifted its position in Dutch Bros by 29.9% during the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock valued at $211,163,000 after buying an additional 788,100 shares in the last quarter. AQR Capital Management LLC lifted its position in Dutch Bros by 421.1% during the first quarter. AQR Capital Management LLC now owns 810,273 shares of the company’s stock valued at $48,843,000 after buying an additional 654,794 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Dutch Bros during the second quarter worth approximately $44,380,000. Finally, Lord Abbett & CO. LLC increased its position in shares of Dutch Bros by 120.6% in the first quarter. Lord Abbett & CO. LLC now owns 1,082,414 shares of the company’s stock worth $66,828,000 after acquiring an additional 591,657 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BROS shares. UBS Group restated a “buy” rating and set a $85.00 target price on shares of Dutch Bros in a report on Tuesday, October 28th. The Goldman Sachs Group cut their price objective on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Zacks Research raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Morgan Stanley set a $84.00 target price on Dutch Bros in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and an average target price of $76.72.

Dutch Bros Stock Performance

Shares of BROS opened at $51.26 on Wednesday. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 102.52, a PEG ratio of 2.66 and a beta of 2.56. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $55.26 and its two-hundred day moving average is $62.76. Dutch Bros Inc. has a 52-week low of $47.16 and a 52-week high of $86.88.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $423.58 million during the quarter, compared to the consensus estimate of $414.81 million. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. Dutch Bros has set its FY 2025 guidance at EPS. Analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the transaction, the chairman owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This trade represents a 49.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the sale, the insider directly 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is owned by company insiders.

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.