Dutch Bros Inc. $BROS Stake Lowered by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC trimmed its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 183,322 shares of the company’s stock after selling 11,339 shares during the period. Concurrent Investment Advisors LLC’s holdings in Dutch Bros were worth $13,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. grew its stake in Dutch Bros by 0.4% during the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after buying an additional 211 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in shares of Dutch Bros by 7.2% during the fourth quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after acquiring an additional 212 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Dutch Bros by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock worth $151,000 after acquiring an additional 221 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Dutch Bros by 6.5% in the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock worth $232,000 after acquiring an additional 270 shares during the period. Finally, Quarry LP lifted its position in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Freedom Capital upgraded Dutch Bros to a “strong-buy” rating in a research report on Wednesday, July 1st. Oppenheimer boosted their price target on Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. Piper Sandler raised their price target on Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Finally, Robert W. Baird upgraded shares of Dutch Bros to a “strong-buy” rating in a research note on Monday, August 24th. Two investment analysts have 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.15.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $46.60 on Friday. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.02. The firm has a market cap of $8.14 billion, a P/E ratio of 64.72, a PEG ratio of 1.65 and a beta of 2.28. The stock has a fifty day moving average price of $59.38 and a two-hundred day moving average price of $56.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $550.85 million for the quarter, compared to the consensus estimate of $525.38 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. Research analysts forecast that Dutch Bros Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 750,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $47,265,000.00. Following the sale, the chairman directly owned 2,410,800 shares in the company, valued at $151,928,616. The trade was a 23.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the sale, the chief executive officer directly owned 44,573 shares of the company’s stock, valued at approximately $2,680,174.49. This 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. Insiders have sold a total of 2,064,139 shares of company stock valued at $127,296,280 in the last ninety days. 38.90% of the stock is owned by insiders.

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.