Pacer Advisors Inc. Makes New Investment in Dutch Bros Inc. $BROS

Pacer Advisors Inc. acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 14,757 shares of the company’s stock, valued at approximately $748,000.

A number of other large investors also recently modified their holdings of BROS. Osterweis Capital Management Inc. bought a new stake in Dutch Bros in the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of Dutch Bros during the fourth quarter worth approximately $31,000. Ankerstar Wealth LLC purchased a new position in shares of Dutch Bros during the fourth quarter worth approximately $31,000. Finally, Quarry LP lifted its holdings in shares of Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after acquiring an additional 273 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group upped their price objective on shares of Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Stephens restated an “overweight” rating and set a $80.00 price target on shares of Dutch Bros in a research report on Thursday, August 6th. Royal Bank Of Canada reduced their price objective on Dutch Bros from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a report on Tuesday, July 28th. Finally, Oppenheimer increased their target price on Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.15.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $51.10 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The company has a market cap of $8.92 billion, a PE ratio of 70.97, a P/E/G ratio of 1.96 and a beta of 2.32. The business has a 50 day moving average of $64.75 and a 200 day moving average of $57.37. Dutch Bros Inc. has a 52 week low of $44.58 and a 52 week high of $74.65.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $550.85 million for the quarter, compared to analysts’ expectations of $525.38 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, equities research analysts forecast that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christine Barone sold 42,031 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the completion of the sale, the chief executive officer owned 44,573 shares of the company’s stock, valued at $2,680,174.49. This trade represents a 48.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 4,086,245 shares of company stock valued at $243,021,771. Corporate insiders own 38.90% of the company’s stock.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.