Dutch Bros Inc. (NYSE:BROS) Stake Increased by Amalgamated Bank

Amalgamated Bank grew its holdings in Dutch Bros Inc. (NYSE:BROS) by 10.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,048 shares of the company’s stock after purchasing an additional 570 shares during the period. Amalgamated Bank’s holdings in Dutch Bros were worth $194,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BROS. Transcendent Capital Group LLC purchased a new stake in shares of Dutch Bros during the first quarter worth $26,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Dutch Bros during the second quarter worth $27,000. Jamison Private Wealth Management Inc. increased its position in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the last quarter. Quest Partners LLC increased its position in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Dutch Bros during the third quarter worth $38,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00. Following the completion of the transaction, the insider now owns 712,819 shares in the company, valued at $22,810,208. This trade represents a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. This represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,095,377 shares of company stock valued at $36,392,066 over the last three months. 46.50% of the stock is owned by corporate insiders.

Dutch Bros Trading Down 0.6 %

Shares of NYSE:BROS opened at $46.61 on Monday. The company has a market cap of $7.19 billion, a P/E ratio of 160.73, a P/E/G ratio of 3.74 and a beta of 2.47. The stock’s 50-day moving average is $35.48 and its 200-day moving average is $35.89. Dutch Bros Inc. has a 52-week low of $25.46 and a 52-week high of $50.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The business had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period last year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities research analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BROS shares. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. UBS Group increased their target price on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler increased their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Stifel Nicolaus increased their target price on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.30.

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.