Maven Securities LTD Purchases New Stake in Dutch Bros Inc. $BROS

Maven Securities LTD acquired a new position in Dutch Bros Inc. (NYSE:BROS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,538 shares of the company’s stock, valued at approximately $829,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in Dutch Bros by 7,083.4% during the 2nd quarter. California State Teachers Retirement System now owns 10,560,379 shares of the company’s stock valued at $758,341,000 after purchasing an additional 10,413,368 shares during the period. Marshall Wace LLP grew its position in shares of Dutch Bros by 15.1% during the 4th quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock worth $189,677,000 after buying an additional 407,528 shares during the period. Wellington Management Group LLP grew its position in shares of Dutch Bros by 38.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after buying an additional 851,075 shares during the period. Invesco Ltd. raised its stake in shares of Dutch Bros by 4.0% during the third quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock worth $127,011,000 after buying an additional 93,515 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Dutch Bros by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock worth $138,699,000 after buying an additional 39,349 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction 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 completion of the sale, the chairman owned 2,410,800 shares in the company, valued at $151,928,616. This represents a 23.73% decrease in their position. 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, Director Todd Penegor acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $51.56 per share, for a total transaction of $103,120.00. Following the purchase, the director directly owned 7,358 shares in the company, valued at $379,378.48. This trade represents a 37.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 38.90% of the company’s stock.

Dutch Bros Stock Performance

Shares of NYSE:BROS opened at $45.88 on Wednesday. The firm’s 50 day simple moving average is $58.36 and its 200 day simple moving average is $56.41. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $74.02. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 63.72, a P/E/G ratio of 1.66 and a beta of 2.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm had revenue of $550.85 million during the quarter, compared to analysts’ expectations of $525.38 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was up 32.5% on a year-over-year basis. As a group, sell-side analysts forecast that Dutch Bros Inc. will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

BROS has been the topic of a number of recent research reports. Freedom Capital raised shares of Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. Oppenheimer upped their target price on shares of Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada dropped their target price on shares of Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. TD Cowen reissued a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a research note on Wednesday, June 10th. Finally, UBS Group restated a “buy” rating on shares of Dutch Bros in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus price target of $77.15.

Dutch Bros Profile

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.