Marshall Wace LLP Buys 527,716 Shares of Dutch Bros Inc. (NYSE:BROS)

Marshall Wace LLP raised its holdings in Dutch Bros Inc. (NYSE:BROS) by 15.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,962,374 shares of the company’s stock after buying an additional 527,716 shares during the period. Marshall Wace LLP owned about 2.24% of Dutch Bros worth $164,042,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BROS. Vanguard Group Inc. raised its stake in Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after buying an additional 1,661,778 shares during the period. Renaissance Technologies LLC bought a new stake in Dutch Bros in the second quarter valued at approximately $57,435,000. Wasatch Advisors LP bought a new stake in Dutch Bros in the first quarter valued at approximately $41,988,000. Concurrent Investment Advisors LLC raised its stake in Dutch Bros by 846.7% in the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock valued at $51,353,000 after buying an additional 1,109,370 shares during the period. Finally, Joho Capital LLC raised its stake in Dutch Bros by 428.9% in the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after buying an additional 1,106,511 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 0.9 %

NYSE BROS opened at $34.61 on Tuesday. The business has a fifty day moving average price of $34.18 and a two-hundred day moving average price of $34.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. Dutch Bros Inc. has a fifty-two week low of $22.67 and a fifty-two week high of $43.49. The stock has a market capitalization of $6.13 billion, a PE ratio of 192.28, a PEG ratio of 2.70 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. During the same period in the prior year, the company earned $0.07 EPS. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. Equities analysts expect that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total value of $156,446.00. Following the transaction, the insider now directly owns 507,700 shares of the company’s stock, valued at $17,266,877. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,128,885 shares of company stock worth $36,124,009. Insiders own 46.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on BROS shares. JPMorgan Chase & Co. upped their target price on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a research report 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 report on Thursday, August 15th. Bank of America upped their target price on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Stifel Nicolaus reduced their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, TD Cowen reissued a “buy” rating and set a $47.00 price target on shares of Dutch Bros in a research report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.73.

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.