Dutch Bros Inc. $BROS Shares Acquired by TD Asset Management Inc

TD Asset Management Inc grew its stake in Dutch Bros Inc. (NYSE:BROS) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,252 shares of the company’s stock after buying an additional 1,300 shares during the quarter. TD Asset Management Inc’s holdings in Dutch Bros were worth $2,615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. 1832 Asset Management L.P. lifted its holdings in shares of Dutch Bros by 29.9% in the 1st 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 during the period. Invesco Ltd. lifted its holdings in shares of Dutch Bros by 16.4% in the 1st quarter. Invesco Ltd. now owns 1,365,281 shares of the company’s stock valued at $84,292,000 after buying an additional 192,458 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Dutch Bros by 25.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,324,676 shares of the company’s stock valued at $81,786,000 after buying an additional 272,473 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of Dutch Bros by 3.0% in the 1st quarter. Driehaus Capital Management LLC now owns 1,320,807 shares of the company’s stock valued at $81,547,000 after buying an additional 38,989 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Dutch Bros by 1,572.2% in 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. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $57.59 on Wednesday. The business has a 50 day simple moving average of $60.18 and a two-hundred day simple moving average of $63.10. Dutch Bros Inc. has a 12 month low of $32.68 and a 12 month high of $86.88. The stock has a market capitalization of $9.47 billion, a P/E ratio of 122.54, a PEG ratio of 3.10 and a beta of 2.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The business 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 firm earned $0.19 earnings per share. The business’s revenue was up 28.0% compared to the same quarter last year. As a group, analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

BROS has been the subject of a number of analyst reports. Barclays upped their price target on Dutch Bros from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Melius Research raised Dutch Bros to a “strong-buy” rating in a report on Monday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a report on Wednesday, October 8th. CICC Research initiated coverage on Dutch Bros in a report on Monday, June 30th. They issued an “outperform” rating and a $80.00 price target for the company. Finally, Guggenheim upped their price target on Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Two equities 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 company. According to data from MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus target price of $79.41.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction 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 $83,361,814.48. This represents a 49.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company’s stock in a transaction that occurred on 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 owned 1,279,144 shares of the company’s stock, valued at $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,161,101 shares of company stock valued at $207,633,882 in the last three months. Insiders own 42.40% of the company’s stock.

Dutch Bros Company Profile

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.