NBC Securities Inc. Takes $177,000 Position in Dutch Bros Inc. (NYSE:BROS)

NBC Securities Inc. bought a new position in Dutch Bros Inc. (NYSE:BROS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,546 shares of the company’s stock, valued at approximately $177,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after acquiring an additional 1,661,778 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Dutch Bros by 15.4% during the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after purchasing an additional 527,716 shares during the period. Driehaus Capital Management LLC grew its stake in shares of Dutch Bros by 11.0% in the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock worth $92,953,000 after purchasing an additional 222,650 shares during the last quarter. Davidson Kempner Capital Management LP increased its holdings in Dutch Bros by 43.5% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock valued at $65,626,000 after purchasing an additional 480,153 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Dutch Bros during the 2nd quarter valued at approximately $57,435,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

BROS stock opened at $35.02 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The firm has a 50 day moving average price of $32.38 and a 200-day moving average price of $34.69. Dutch Bros Inc. has a 52-week low of $23.31 and a 52-week high of $43.49. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 194.56, a PEG ratio of 2.55 and a beta of 2.49.

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, 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 business had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. Equities research analysts forecast that Dutch Bros Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BROS shares. Piper Sandler lowered Dutch Bros from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. UBS Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, August 15th. Robert W. Baird dropped their target price on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and set a $47.00 target price on shares of Dutch Bros in a research note on Thursday, September 12th. Finally, Barclays decreased their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the firm’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 approximately $14,759,732.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the 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 sale, the chairman now directly owns 467,228 shares in the company, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the business’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 completion of the transaction, the insider now owns 507,700 shares of the company’s stock, valued at $17,266,877. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,885 shares of company stock worth $36,124,009 in the last quarter. Corporate insiders own 46.50% 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.