Dutch Bros Inc. (NYSE:BROS) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,401,945 shares of the company’s stock after purchasing an additional 788 shares during the period. American Century Companies Inc. owned approximately 0.79% of Dutch Bros worth $58,041,000 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. Vanguard Group Inc. raised its position in shares of Dutch Bros by 35.0% during the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after purchasing an additional 1,661,778 shares during the period. Joho Capital LLC raised its holdings in Dutch Bros by 428.9% during the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after buying an additional 1,106,511 shares during the period. Wasatch Advisors LP purchased a new stake in Dutch Bros during the first quarter valued at about $41,988,000. Concurrent Investment Advisors LLC boosted its holdings in shares of Dutch Bros by 846.7% in the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after buying an additional 1,109,370 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Dutch Bros by 8,247.3% in the second quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company’s stock worth $44,766,000 after acquiring an additional 1,068,352 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BROS has been the topic of several research analyst reports. Bank of America lifted their price objective on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Robert W. Baird dropped their price target on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, August 15th. Finally, Stifel Nicolaus reduced their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.73.

Dutch Bros Trading Up 0.1 %

Shares of NYSE BROS opened at $34.01 on Monday. The business has a 50 day simple moving average of $34.96 and a 200 day simple moving average of $34.53. Dutch Bros Inc. has a 52 week low of $22.67 and a 52 week high of $43.49. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 188.94, a PEG ratio of 2.70 and a beta of 2.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. On average, research analysts predict that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares in the company, valued at approximately $14,759,732.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total value of $919,294.20. Following the transaction, the insider now directly owns 432,518 shares of the company’s stock, valued at approximately $13,849,226.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,096,452 shares of company stock worth $35,018,776. 46.50% of the stock is owned by corporate insiders.

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.