Blueshift Asset Management LLC Grows Position in Dutch Bros Inc. $BROS

Blueshift Asset Management LLC increased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 176.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,312 shares of the company’s stock after acquiring an additional 15,521 shares during the quarter. Blueshift Asset Management LLC’s holdings in Dutch Bros were worth $1,662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blair William & Co. IL lifted its position in shares of Dutch Bros by 27.6% in the second quarter. Blair William & Co. IL now owns 228,604 shares of the company’s stock worth $15,630,000 after buying an additional 49,501 shares in the last quarter. Joule Financial LLC purchased a new position in Dutch Bros during the 2nd quarter valued at approximately $724,000. Berkshire Capital Holdings Inc. bought a new stake in Dutch Bros in the 1st quarter worth approximately $6,438,000. Jump Financial LLC raised its holdings in shares of Dutch Bros by 47.3% during the 1st quarter. Jump Financial LLC now owns 223,771 shares of the company’s stock worth $13,816,000 after acquiring an additional 71,834 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in shares of Dutch Bros during the 2nd quarter valued at approximately $850,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Trading Up 1.2%

Shares of NYSE BROS opened at $59.30 on Tuesday. Dutch Bros Inc. has a twelve month low of $47.16 and a twelve month high of $86.88. The firm has a market cap of $9.76 billion, a PE ratio of 118.60, a price-to-earnings-growth ratio of 3.02 and a beta of 2.55. The business has a fifty day simple moving average of $54.33 and a two-hundred day simple moving average of $62.13. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $423.58 million for the quarter, compared to analyst estimates of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Dutch Bros has set its FY 2025 guidance at EPS. Analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BROS has been the topic of a number of research reports. The Goldman Sachs Group reduced their target price on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Stifel Nicolaus dropped their price target on Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Cowen restated a “buy” rating on shares of Dutch Bros in a research report on Monday. TD Cowen reiterated a “buy” rating and issued a $70.00 target price on shares of Dutch Bros in a report on Monday. Finally, Royal Bank Of Canada cut their target price on Dutch Bros from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.83.

Insider Activity

In other news, Chairman Travis Boersma sold 1,678,616 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $93,062,471.04. Following the completion of the sale, the chairman owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. This represents a 99.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the transaction, the insider owned 9,817 shares in the company, valued at approximately $544,254.48. This represents a 98.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,465,214 shares of company stock worth $189,800,291. 42.40% of the stock is owned by company insiders.

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.