Baillie Gifford & Co. Makes New Investment in Dutch Bros Inc. (NYSE:BROS)

Baillie Gifford & Co. purchased a new stake in Dutch Bros Inc. (NYSE:BROS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,007,836 shares of the company’s stock, valued at approximately $224,461,000. Baillie Gifford & Co. owned approximately 4.54% of Dutch Bros as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in Dutch Bros by 35.0% during the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after purchasing an additional 1,661,778 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Dutch Bros in the 2nd quarter valued at about $57,435,000. Concurrent Investment Advisors LLC grew its position in shares of Dutch Bros by 846.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after buying an additional 1,109,370 shares during the last quarter. Joho Capital LLC raised its stake in shares of Dutch Bros by 428.9% during the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after acquiring an additional 1,106,511 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Dutch Bros by 8,247.3% during the second quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company’s stock valued at $44,766,000 after acquiring an additional 1,068,352 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 38,339 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares in the company, valued at $522,622.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now owns 15,610 shares of the company’s stock, valued at $522,622.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock valued at $55,164,707 over the last ninety days. Company insiders own 46.50% of the company’s stock.

Dutch Bros Stock Performance

BROS opened at $48.44 on Tuesday. The firm has a 50 day moving average of $34.20 and a two-hundred day moving average of $35.35. The firm has a market capitalization of $7.47 billion, a PE ratio of 167.04, a P/E/G ratio of 5.20 and a beta of 2.47. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $50.24.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.58%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. On average, analysts anticipate that Dutch Bros Inc. will post 0.33 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on BROS. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays upped their target price on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday. Stifel Nicolaus lowered their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Wedbush upped 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and an average price target of $45.80.

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.