Amundi Grows Position in Dutch Bros Inc. $BROS

Amundi increased its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 62.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 730,180 shares of the company’s stock after purchasing an additional 281,236 shares during the quarter. Amundi’s holdings in Dutch Bros were worth $48,228,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. US Bancorp DE boosted its stake in Dutch Bros by 8.9% during the first quarter. US Bancorp DE now owns 8,755 shares of the company’s stock worth $541,000 after buying an additional 712 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Dutch Bros by 25.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,744 shares of the company’s stock valued at $416,000 after acquiring an additional 1,367 shares during the period. Deutsche Bank AG lifted its holdings in shares of Dutch Bros by 12.2% in the 1st quarter. Deutsche Bank AG now owns 613,087 shares of the company’s stock worth $37,852,000 after acquiring an additional 66,819 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Dutch Bros during the 1st quarter worth approximately $1,211,000. Finally, Townsquare Capital LLC increased its holdings in Dutch Bros by 68.8% in the 1st quarter. Townsquare Capital LLC now owns 6,456 shares of the company’s stock valued at $399,000 after purchasing an additional 2,631 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $58.92 on Wednesday. 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 Inc. has a 52 week low of $47.16 and a 52 week high of $86.88. The firm’s 50 day moving average is $55.05 and its two-hundred day moving average is $61.73. The firm has a market capitalization of $9.69 billion, a P/E ratio of 117.84, a P/E/G ratio of 2.99 and a beta of 2.55.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $423.58 million during the quarter, compared to analysts’ expectations of $414.81 million. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. Research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on BROS. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research note on Wednesday, October 8th. Zacks Research downgraded Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. UBS Group restated a “buy” rating and set a $85.00 target price on shares of Dutch Bros in a report on Tuesday, October 28th. Royal Bank Of Canada lifted their target price on Dutch Bros from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Finally, Mizuho boosted their price target on shares of Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.67.

Insider Activity at Dutch Bros

In other Dutch Bros news, 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 owned 9,817 shares of the company’s stock, valued at $544,254.48. The trade was a 99.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was 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 of the company’s stock, valued at $544,254.48. The trade was a 98.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,465,214 shares of company stock worth $189,800,291. 42.40% of the stock is currently owned by corporate insiders.

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.