Dutch Bros Inc. (NYSE:BROS) Holdings Lifted by Wrapmanager Inc.

Wrapmanager Inc. grew its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,165 shares of the company’s stock after buying an additional 1,158 shares during the period. Wrapmanager Inc.’s holdings in Dutch Bros were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros in the 3rd quarter worth approximately $224,461,000. Vanguard Group Inc. boosted its stake in Dutch Bros by 35.0% during the 1st 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. Marshall Wace LLP increased its position in shares of Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock valued at $164,042,000 after purchasing an additional 527,716 shares during the period. Driehaus Capital Management LLC raised its stake in shares of Dutch Bros by 11.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock worth $92,953,000 after buying an additional 222,650 shares in the last quarter. Finally, Davidson Kempner Capital Management LP lifted its holdings in shares of Dutch Bros by 43.5% in the second quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock valued at $65,626,000 after buying an additional 480,153 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 285,462 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the completion of the sale, the chairman now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. This represents a 96.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00. Following the completion of the sale, the insider now owns 712,819 shares in the company, valued at $22,810,208. This represents a 0.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,095,377 shares of company stock valued at $36,392,066. 46.50% of the stock is owned by company insiders.

Dutch Bros Stock Up 4.4 %

Shares of BROS stock opened at $49.81 on Wednesday. The stock’s 50 day simple moving average is $36.14 and its 200 day simple moving average is $36.20. Dutch Bros Inc. has a twelve month low of $25.46 and a twelve month high of $50.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 171.76, a PEG ratio of 3.74 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $338.20 million for 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 5.48%. The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. As a group, research analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current year.

Analyst Ratings Changes

BROS has been the topic of several research reports. Piper Sandler boosted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. TD Cowen increased their price target on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. UBS Group upped their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Barclays raised their target price on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.30.

About Dutch Bros

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.