Federated Hermes Inc. Purchases 183,194 Shares of Dutch Bros Inc. $BROS

Federated Hermes Inc. lifted its holdings in Dutch Bros Inc. (NYSE:BROS) by 33.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738,374 shares of the company’s stock after acquiring an additional 183,194 shares during the quarter. Federated Hermes Inc. owned approximately 0.45% of Dutch Bros worth $50,483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blair William & Co. IL raised its holdings 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 valued at $15,630,000 after buying an additional 49,501 shares during the last quarter. Joule Financial LLC acquired a new stake in Dutch Bros in the 2nd quarter valued at about $724,000. Berkshire Capital Holdings Inc. bought a new position in shares of Dutch Bros in the first quarter worth about $6,438,000. Jump Financial LLC raised its stake in shares of Dutch Bros by 47.3% in the first 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 during the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of Dutch Bros during the second quarter worth approximately $850,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dutch Bros

In related news, 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 value of $35,930,054.16. Following the sale, the insider directly owned 9,817 shares in the company, valued at $544,254.48. This trade represents a 98.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 1,678,616 shares of Dutch Bros stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the transaction, the chairman directly owned 9,817 shares in the company, valued at $544,254.48. The trade was a 99.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,465,214 shares of company stock valued at $189,800,291. 42.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, October 31st. Morgan Stanley set a $84.00 price objective on Dutch Bros in a research report on Thursday, November 6th. Barclays boosted their target price on Dutch Bros from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research note on Wednesday, October 8th. Finally, Mizuho lifted their price objective on Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.67.

Dutch Bros Stock Performance

BROS stock opened at $58.07 on Tuesday. Dutch Bros Inc. has a twelve month low of $47.16 and a twelve month high of $86.88. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. The company has a market cap of $9.55 billion, a P/E ratio of 116.14, a price-to-earnings-growth ratio of 3.01 and a beta of 2.55. The business’s fifty day moving average is $54.92 and its 200-day moving average is $61.79.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The business had revenue of $423.58 million during the quarter, compared to analysts’ expectations of $414.81 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

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.