Dutch Bros Inc. (NYSE:BROS) Position Lifted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 8.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,306 shares of the company’s stock after acquiring an additional 2,310 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Dutch Bros were worth $1,748,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BROS. FIL Ltd bought a new position in Dutch Bros during the 4th quarter valued at $176,298,000. FMR LLC boosted its stake in Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after acquiring an additional 3,227,435 shares during the last quarter. Raymond James Financial Inc. bought a new position in Dutch Bros during the 4th quarter valued at $94,478,000. D. E. Shaw & Co. Inc. boosted its stake in Dutch Bros by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock valued at $268,095,000 after acquiring an additional 627,875 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Dutch Bros by 8,912.8% during the 4th quarter. Deutsche Bank AG now owns 546,268 shares of the company’s stock valued at $28,614,000 after acquiring an additional 540,207 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BROS has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They set an “overweight” rating and a $80.00 price objective on the stock. Piper Sandler dropped their target price on shares of Dutch Bros from $70.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. UBS Group dropped their target price on shares of Dutch Bros from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Robert W. Baird increased their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada began coverage on shares of Dutch Bros in a report on Wednesday, May 14th. They set an “outperform” rating and a $83.00 target price on the stock. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.69.

Dutch Bros Stock Up 2.8%

BROS stock opened at $69.33 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.95 and a debt-to-equity ratio of 0.80. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The firm’s 50-day simple moving average is $67.35 and its 200 day simple moving average is $64.02. The stock has a market cap of $11.40 billion, a PE ratio of 177.78, a price-to-earnings-growth ratio of 3.93 and a beta of 2.73.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The business had revenue of $355.15 million for the quarter, compared to analysts’ expectations of $343.30 million. During the same quarter last year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, sell-side analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the transaction, the insider now owns 2,373,933 shares of the company’s stock, valued at approximately $170,970,654.66. This trade represents a 18.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 722,841 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the transaction, the chairman now directly owns 1,940,245 shares in the company, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,465,214 shares of company stock valued at $237,721,138 in the last quarter. Company insiders own 42.40% of the company’s stock.

Dutch Bros Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.