Argent Trust Co Takes Position in Dutch Bros Inc. (NYSE:BROS)

Argent Trust Co purchased a new position in Dutch Bros Inc. (NYSE:BROS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,743 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors have also made changes to their positions in BROS. Wasatch Advisors LP acquired a new stake in shares of Dutch Bros during the 1st quarter valued at $41,988,000. Neuberger Berman Group LLC raised its holdings in shares of Dutch Bros by 17.7% during the fourth quarter. Neuberger Berman Group LLC now owns 27,759 shares of the company’s stock worth $879,000 after acquiring an additional 4,170 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Dutch Bros during the first quarter valued at $4,430,000. Janney Montgomery Scott LLC grew its stake in Dutch Bros by 96.4% in the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after purchasing an additional 13,395 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Dutch Bros in the 1st quarter worth about $200,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BROS has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. TD Cowen restated a “buy” rating and set a $47.00 price target on shares of Dutch Bros in a report on Thursday, September 12th. Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Stifel Nicolaus lowered their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Barclays reduced their target price on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.73.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $34.90 on Friday. Dutch Bros Inc. has a 12 month low of $22.67 and a 12 month high of $43.49. The company has a market cap of $6.18 billion, a P/E ratio of 193.89, a P/E/G ratio of 2.70 and a beta of 2.49. The business’s 50 day moving average is $34.34 and its two-hundred day moving average is $34.67. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. On average, equities analysts expect that Dutch Bros Inc. will post 0.32 EPS for the current year.

Insider Activity

In related news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $34.01, for a total value of $156,446.00. Following the completion of the transaction, the insider now owns 507,700 shares in the company, valued at approximately $17,266,877. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 426,891 shares of Dutch Bros 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 sale, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,128,885 shares of company stock valued at $36,124,009. Insiders own 46.50% of the company’s stock.

Dutch Bros Company 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.