Stephens Investment Management Group LLC Boosts Stock Position in Dutch Bros Inc. $BROS

Stephens Investment Management Group LLC lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 9.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 333,057 shares of the company’s stock after acquiring an additional 28,776 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Dutch Bros were worth $16,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new stake in Dutch Bros during the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. increased its stake in shares of Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of Dutch Bros in the fourth quarter worth $31,000. Ankerstar Wealth LLC bought a new stake in shares of Dutch Bros during the 4th quarter valued at $31,000. Finally, Quarry LP raised its position in shares of Dutch Bros by 83.5% during 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 period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Key Dutch Bros News

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Freedom Capital upgraded Dutch Bros to strong-buy, reinforcing bullish analyst sentiment around the stock. Zacks.com
• Positive Sentiment: The company filed plans to open its first Seattle location, expanding into a major new market and signaling further store growth. Dutch Bros. files plans to open first Seattle location. Here’s where
• Positive Sentiment: Multiple articles highlighted Dutch Bros’ push into Seattle, including a former Starbucks site, which investors may view as a sign of confidence in the brand’s ability to compete in premium coffee markets. Starbucks rival Dutch Bros plans first Seattle store, and it’s in a former Starbucks
• Positive Sentiment: Coverage around Dutch Bros being potentially below fair value after raised guidance adds to the case that investors are still optimistic about future earnings and expansion. Dutch Bros (BROS) Stock May Be Below Fair Value On Raised Guidance
• Neutral Sentiment: Recent pieces on the company’s summer drink promotion and broader analyst comparisons to Yum China are informational, but do not appear to be major stock-moving catalysts. Dutch Bros Brings Back the Firecracker Rebel for Summer

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the transaction, the chairman directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This represents a 23.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the firm’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 $16,451,686.10. Following the transaction, the insider owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents a 9.77% decrease in their position. The SEC filing for this sale provides additional information. 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. Company insiders own 38.90% of the company’s stock.

Dutch Bros Price Performance

BROS stock opened at $72.17 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The company’s fifty day moving average price is $59.72 and its 200-day moving average price is $57.12. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $74.65. The company has a market capitalization of $12.61 billion, a PE ratio of 112.78, a price-to-earnings-growth ratio of 2.33 and a beta of 2.31.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $464.41 million for the quarter, compared to the consensus estimate of $449.69 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. Dutch Bros’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. On average, equities analysts anticipate that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on BROS. Freedom Capital upgraded shares of Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. DA Davidson increased their price target on Dutch Bros from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $87.00 price objective on shares of Dutch Bros in a research note on Thursday, May 7th. Finally, Citigroup increased their target price on Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Dutch Bros Company 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.