Fifth Third Bancorp Grows Stake in Dutch Bros Inc. $BROS

Fifth Third Bancorp boosted its position in shares of Dutch Bros Inc. (NYSE:BROS) by 827.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 51,645 shares of the company’s stock after purchasing an additional 46,079 shares during the quarter. Fifth Third Bancorp’s holdings in Dutch Bros were worth $2,616,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Engineers Gate Manager LP raised its holdings in shares of Dutch Bros by 59.6% during the fourth quarter. Engineers Gate Manager LP now owns 513,525 shares of the company’s stock valued at $31,438,000 after purchasing an additional 191,734 shares during the last quarter. M&T Bank Corp boosted its holdings in Dutch Bros by 1,559.3% in the fourth quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock worth $5,959,000 after purchasing an additional 91,468 shares during the last quarter. JPMorgan Chase & Co. grew its position in Dutch Bros by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock worth $10,714,000 after purchasing an additional 49,194 shares during the period. 1492 Capital Management LLC bought a new stake in Dutch Bros in the 4th quarter worth approximately $1,192,000. Finally, Citizens Business Bank purchased a new stake in Dutch Bros during the 4th quarter valued at $5,285,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Telsey Advisory Group began coverage on Dutch Bros in a report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 price target on the stock. Freedom Capital upgraded Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. Citigroup upped their price target on shares of Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. TD Cowen reissued a “buy” rating and issued a $73.00 price objective on shares of Dutch Bros in a report on Wednesday, June 10th. Finally, BNP Paribas Exane assumed coverage on shares of Dutch Bros in a research report on Monday, March 30th. They set an “outperform” rating and a $73.00 target price 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Dutch Bros Stock Down 3.3%

BROS stock opened at $66.10 on Tuesday. The stock has a market cap of $11.54 billion, a P/E ratio of 103.28, a PEG ratio of 2.21 and a beta of 2.31. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $74.65. The business’s 50-day moving average price is $62.03 and its 200-day moving average price is $57.31. 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm had revenue of $464.41 million for the quarter, compared to the consensus estimate of $449.69 million. During the same period last year, the firm earned $0.14 EPS. The company’s revenue was up 30.7% on a year-over-year basis. On average, equities research analysts forecast that Dutch Bros Inc. will post 0.84 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction dated Thursday, June 11th. The stock was 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 owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction that occurred on 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 sale, 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. 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 quarter, insiders sold 4,086,245 shares of company stock worth $243,021,771. Corporate insiders own 38.90% of the company’s stock.

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.