Capstone Capital Management Ltd Takes $587,000 Position in Dutch Bros Inc. $BROS

Capstone Capital Management Ltd acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,594 shares of the company’s stock, valued at approximately $587,000.

A number of other hedge funds have also modified their holdings of the company. Osterweis Capital Management Inc. acquired a new stake in shares of Dutch Bros in the second quarter valued at approximately $27,000. Brown Lisle Cummings Inc. acquired a new position in Dutch Bros during the fourth quarter worth $31,000. Rakuten Securities Inc. boosted its holdings in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares during the last quarter. Ankerstar Wealth LLC bought a new position in Dutch Bros in the fourth quarter valued at $31,000. Finally, Quarry LP grew its position in Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Price Performance

NYSE:BROS opened at $65.00 on Thursday. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $74.65. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 101.57, a P/E/G ratio of 2.14 and a beta of 2.31. The stock’s 50 day moving average price is $60.32 and its two-hundred day moving average price is $57.19. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.69 million. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. On average, analysts anticipate that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

BROS has been the topic of several analyst reports. Oppenheimer boosted their price target on shares of Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. UBS Group restated a “buy” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Barclays lowered their target price on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. TD Cowen reiterated a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a report on Wednesday, June 10th. Finally, Telsey Advisory Group initiated coverage on Dutch Bros in a research report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 750,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the sale, the chairman owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. The trade was a 23.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the completion of the sale, the insider directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. The trade was a 9.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 4,086,245 shares of company stock worth $243,021,771. Insiders own 38.90% of the company’s stock.

Dutch Bros Company 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.