Janney Montgomery Scott LLC Raises Holdings in Dutch Bros Inc. $BROS

Janney Montgomery Scott LLC raised its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 31.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,538 shares of the company’s stock after buying an additional 11,502 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dutch Bros were worth $2,459,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BROS. Osterweis Capital Management Inc. acquired a new position in Dutch Bros during the second quarter worth about $27,000. Brown Lisle Cummings Inc. acquired a new stake in Dutch Bros in the 4th quarter valued at about $31,000. Rakuten Securities Inc. raised its holdings in Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the last quarter. Ankerstar Wealth LLC purchased a new position in Dutch Bros in the 4th quarter worth approximately $31,000. Finally, Quarry LP lifted its stake in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Travis Boersma sold 750,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the transaction, the chairman directly owned 2,410,800 shares in the company, valued at $151,928,616. This trade represents a 23.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 Dutch Bros stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This represents a 9.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 4,086,245 shares of company stock worth $243,021,771. 38.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BROS shares. Royal Bank Of Canada restated an “outperform” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Telsey Advisory Group assumed coverage on Dutch Bros in a research report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 price objective on the stock. Freedom Capital raised Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. Oppenheimer upped their target price on Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Dutch Bros Stock Down 1.9%

Shares of NYSE BROS opened at $65.00 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $60.32 and its two-hundred day moving average is $57.19. Dutch Bros Inc. has a 52-week low of $44.58 and a 52-week high of $74.65. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 101.57, a PEG ratio of 2.14 and a beta of 2.31.

Dutch Bros (NYSE:BROS) last released its quarterly 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 business had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.69 million. During the same period last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis. Research analysts predict that Dutch Bros Inc. will post 0.84 EPS for the current year.

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.