Bank of Montreal Can Takes $3.57 Million Position in Dutch Bros Inc. (NYSE:BROS)

Bank of Montreal Can bought a new position in Dutch Bros Inc. (NYSE:BROS) in the 2nd quarter, Holdings Channel.com reports. The firm bought 86,189 shares of the company’s stock, valued at approximately $3,571,000.

Other institutional investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in Dutch Bros during the first quarter worth about $26,000. Arcadia Investment Management Corp MI bought a new stake in Dutch Bros in the 2nd quarter worth approximately $27,000. Quest Partners LLC boosted its stake in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares in the last quarter. Abound Wealth Management bought a new position in Dutch Bros during the second quarter valued at approximately $39,000. Finally, Redwood Wealth Management Group LLC purchased a new position in shares of Dutch Bros during the second quarter worth approximately $72,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

BROS opened at $32.29 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The stock has a market capitalization of $5.72 billion, a PE ratio of 179.39, a price-to-earnings-growth ratio of 2.84 and a beta of 2.49. The stock’s 50 day moving average price is $33.32 and its 200-day moving average price is $34.76. Dutch Bros Inc. has a 52-week low of $22.85 and a 52-week high of $43.49.

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

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total transaction of $919,294.20. Following the completion of the transaction, the insider now owns 432,518 shares of the company’s stock, valued at $13,849,226.36. The disclosure for this sale can be found here. Insiders have sold 1,128,885 shares of company stock worth $36,124,009 over the last 90 days. 46.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BROS. Stifel Nicolaus cut their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen restated a “buy” rating and set a $47.00 price target on shares of Dutch Bros in a research report on Thursday, September 12th. Wedbush reiterated an “outperform” rating and issued a $45.00 price objective on shares of Dutch Bros in a report on Thursday, August 8th. Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $41.00 to $36.00 in a report on Monday, August 19th. Finally, Barclays decreased their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.