Baillie Gifford & Co. Lowers Holdings in Dutch Bros Inc. $BROS

Baillie Gifford & Co. decreased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,497,067 shares of the company’s stock after selling 124,589 shares during the quarter. Baillie Gifford & Co.’s holdings in Dutch Bros were worth $183,036,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blair William & Co. IL boosted its position in shares of Dutch Bros by 27.6% in the 2nd quarter. Blair William & Co. IL now owns 228,604 shares of the company’s stock worth $15,630,000 after purchasing an additional 49,501 shares in the last quarter. Joule Financial LLC purchased a new stake in Dutch Bros in the second quarter valued at about $724,000. Total Clarity Wealth Management Inc. acquired a new stake in Dutch Bros in the second quarter worth about $850,000. Stephens Investment Management Group LLC purchased a new stake in shares of Dutch Bros during the second quarter worth about $7,277,000. Finally, Friedenthal Financial purchased a new stake in shares of Dutch Bros during the second quarter worth about $852,000. 85.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. This represents a 98.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 1,678,616 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 $93,062,471.04. Following the transaction, the chairman owned 9,817 shares in the company, valued at $544,254.48. This represents a 99.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,465,214 shares of company stock valued at $189,800,291. 42.40% of the stock is owned by company insiders.

Dutch Bros Stock Performance

BROS opened at $60.99 on Friday. The firm has a fifty day moving average price of $60.34 and a 200 day moving average price of $60.15. Dutch Bros Inc. has a 1 year low of $47.16 and a 1 year high of $86.88. The stock has a market cap of $10.03 billion, a P/E ratio of 121.99, a P/E/G ratio of 2.38 and a beta of 2.55. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.32.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company 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 firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share. Equities research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

BROS has been the subject of several research reports. KeyCorp reiterated an “overweight” rating on shares of Dutch Bros in a research note on Friday, January 9th. Zacks Research lowered Dutch Bros from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Mizuho lifted their price target on Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. The Goldman Sachs Group dropped their price target on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Finally, UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $76.95.

Dutch Bros Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.