William Blair Investment Management LLC Takes $13.88 Million Position in Dutch Bros Inc. (NYSE:BROS)

William Blair Investment Management LLC purchased a new position in Dutch Bros Inc. (NYSE:BROS) during the second quarter, HoldingsChannel reports. The firm purchased 335,343 shares of the company’s stock, valued at approximately $13,883,000.

Several other large investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new stake in Dutch Bros during the second quarter valued at approximately $27,000. Quest Partners LLC grew its position in shares of Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 764 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of Dutch Bros in the 1st quarter worth $26,000. Denver PWM LLC bought a new position in Dutch Bros in the 2nd quarter worth $77,000. Finally, Headlands Technologies LLC purchased a new position in Dutch Bros during the second quarter valued at $113,000. Institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wedbush restated an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research report on Thursday, August 8th. Robert W. Baird decreased their target price on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus dropped their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Bank of America raised their price objective on shares of Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, TD Cowen restated a “buy” rating and set a $47.00 target price on shares of Dutch Bros in a research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.73.

Dutch Bros Stock Down 0.3 %

Shares of BROS stock opened at $33.90 on Tuesday. The company’s fifty day simple moving average is $34.79 and its two-hundred day simple moving average is $34.61. Dutch Bros Inc. has a 52 week low of $22.67 and a 52 week high of $43.49. The stock has a market cap of $6.01 billion, a P/E ratio of 188.33, a PEG ratio of 2.70 and a beta of 2.49. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share. Analysts predict that Dutch Bros Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 800 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at $14,938,496. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Chairman Travis Boersma sold 800 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the transaction, the chairman now owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of Dutch Bros stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total value of $919,294.20. Following the completion of the transaction, the insider now owns 432,518 shares of the company’s stock, valued at approximately $13,849,226.36. The disclosure for this sale can be found here. Insiders have sold 1,110,662 shares of company stock valued at $35,502,058 in the last ninety days. Corporate insiders own 46.50% of the company’s stock.

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.