Chartwell Investment Partners LLC Increases Stock Position in Dutch Bros Inc. (NYSE:BROS)

Chartwell Investment Partners LLC boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 56.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,742 shares of the company’s stock after buying an additional 5,293 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Dutch Bros were worth $472,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in shares of Dutch Bros by 96.4% during the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after buying an additional 13,395 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Dutch Bros during the first quarter valued at approximately $200,000. Swiss National Bank boosted its stake in Dutch Bros by 33.5% in the first quarter. Swiss National Bank now owns 147,300 shares of the company’s stock valued at $4,861,000 after acquiring an additional 37,000 shares in the last quarter. Sei Investments Co. grew its holdings in Dutch Bros by 94.3% in the first quarter. Sei Investments Co. now owns 65,607 shares of the company’s stock worth $2,165,000 after purchasing an additional 31,838 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Dutch Bros during the first quarter worth $23,137,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BROS has been the topic of several research analyst reports. UBS Group boosted their target price on Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus decreased their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. TD Cowen boosted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $45.80.

Dutch Bros Stock Down 2.7 %

Shares of BROS opened at $47.44 on Thursday. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 163.59, a PEG ratio of 4.13 and a beta of 2.47. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $50.24. The stock’s 50-day moving average price is $34.88 and its 200-day moving average price is $35.57. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.37 EPS for the current year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the transaction, the insider now owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the sale, the insider now directly owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,689,583 shares of company stock valued at $55,164,707. Corporate insiders own 46.50% of the company’s stock.

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.