Bank of New York Mellon Corp Purchases 384,011 Shares of Dutch Bros Inc. $BROS

Bank of New York Mellon Corp raised its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 58.1% during the first quarter, Holdings Channel.com reports. The fund owned 1,044,545 shares of the company’s stock after buying an additional 384,011 shares during the period. Bank of New York Mellon Corp’s holdings in Dutch Bros were worth $52,917,000 at the end of the most recent reporting period.

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

Dutch Bros Price Performance

Dutch Bros stock opened at $64.03 on Friday. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $74.65. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $62.95 and a 200-day moving average price of $57.38. The firm has a market capitalization of $11.18 billion, a PE ratio of 100.04, a price-to-earnings-growth ratio of 1.97 and a beta of 2.31.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.69 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. As a group, equities research analysts forecast that Dutch Bros Inc. will post 0.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a report on Friday, July 17th. Freedom Capital raised Dutch Bros to a “strong-buy” rating in a report on Wednesday, July 1st. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Citigroup increased their price target on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Telsey Advisory Group initiated coverage on shares of Dutch Bros in a research note on Wednesday, April 8th. They set an “outperform” rating and a $66.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and an average target price of $77.50.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was 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 approximately $151,928,616. This represents a 23.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 company’s stock in a transaction on 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 in the company, valued at $151,928,616. This trade represents a 9.77% 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 ninety days, insiders have sold 4,086,245 shares of company stock worth $243,021,771. 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.