Rhumbline Advisers Purchases 83,521 Shares of Dutch Bros Inc. (NYSE:BROS)

Rhumbline Advisers lifted its holdings in Dutch Bros Inc. (NYSE:BROS) by 6,655.1% during the second quarter, HoldingsChannel reports. The firm owned 84,776 shares of the company’s stock after purchasing an additional 83,521 shares during the period. Rhumbline Advisers’ holdings in Dutch Bros were worth $3,510,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Dutch Bros by 64.9% during the fourth quarter. Victory Capital Management Inc. now owns 14,443 shares of the company’s stock valued at $457,000 after buying an additional 5,685 shares during the last quarter. Private Advisor Group LLC acquired a new position in Dutch Bros in the 4th quarter valued at approximately $220,000. Charles Schwab Investment Management Inc. lifted its position in shares of Dutch Bros by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 296,939 shares of the company’s stock worth $9,404,000 after acquiring an additional 14,158 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in shares of Dutch Bros by 51.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 21,974 shares of the company’s stock worth $696,000 after purchasing an additional 7,446 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Dutch Bros by 126.4% during the fourth quarter. UBS Group AG now owns 327,142 shares of the company’s stock valued at $10,361,000 after purchasing an additional 182,658 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dutch Bros news, Chairman Travis Boersma sold 800 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at $14,938,496. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the sale, the insider now owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. The disclosure for this sale can be found here. Insiders sold 1,128,885 shares of company stock worth $36,124,009 in the last quarter. Insiders own 46.50% of the company’s stock.

Dutch Bros Stock Performance

Dutch Bros stock opened at $34.70 on Wednesday. The stock has a 50-day simple moving average of $34.66 and a 200 day simple moving average of $34.64. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 192.78, a P/E/G 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 Inc. has a 12-month low of $22.67 and a 12-month high of $43.49.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. During the same quarter last year, the company posted $0.07 EPS. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, research analysts anticipate that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages 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. Robert W. Baird cut their target price on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Barclays lowered their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, August 15th. Finally, Bank of America boosted their target price on shares of Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.73.

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.