The Manufacturers Life Insurance Company Raises Stake in Dutch Bros Inc. (NYSE:BROS)

The Manufacturers Life Insurance Company lifted its position in Dutch Bros Inc. (NYSE:BROS) by 46.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,957 shares of the company’s stock after purchasing an additional 8,873 shares during the period. The Manufacturers Life Insurance Company’s holdings in Dutch Bros were worth $895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new position in shares of Dutch Bros in the second quarter worth $27,000. Quest Partners LLC grew its holdings in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares in the last quarter. Jamison Private Wealth Management Inc. increased its stake in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Hollencrest Capital Management raised its holdings in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares in the last quarter. Finally, Abound Wealth Management purchased a new position in shares of Dutch Bros in the second quarter valued at $39,000. 85.54% of the stock is currently owned by institutional investors.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Travis Boersma sold 285,462 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the completion of the transaction, the chairman now owns 9,817 shares in the company, valued at $327,691.46. The trade was a 96.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 578,921 shares of company stock worth $19,662,648 over the last 90 days. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Stock Down 0.7 %

BROS stock opened at $52.55 on Friday. The stock has a market capitalization of $8.10 billion, a PE ratio of 181.21, a price-to-earnings-growth ratio of 4.06 and a beta of 2.72. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $56.10. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average of $42.85 and a 200 day moving average of $38.37.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. UBS Group lifted their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. TD Cowen increased their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.40.

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.