William Blair Investment Management LLC Acquires Shares of 335,343 Dutch Bros Inc. (NYSE:BROS)

William Blair Investment Management LLC acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 335,343 shares of the company’s stock, valued at approximately $13,883,000. William Blair Investment Management LLC owned 0.19% of Dutch Bros as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after purchasing an additional 1,661,778 shares during the last quarter. Joho Capital LLC lifted its holdings in Dutch Bros by 428.9% in the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after buying an additional 1,106,511 shares during the period. Wasatch Advisors LP bought a new stake in shares of Dutch Bros in the 1st quarter worth approximately $41,988,000. Concurrent Investment Advisors LLC grew its position in shares of Dutch Bros by 846.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after buying an additional 1,109,370 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Dutch Bros by 8,247.3% during the second quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company’s stock valued at $44,766,000 after buying an additional 1,068,352 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 0.3 %

BROS stock opened at $33.90 on Tuesday. The business has a 50 day moving average of $34.79 and a 200 day moving average of $34.61. The firm has a market cap of $6.01 billion, a PE ratio of 188.33, a price-to-earnings-growth ratio of 2.70 and a beta of 2.49. Dutch Bros Inc. has a twelve month low of $22.67 and a twelve month high of $43.49. 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 issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company’s revenue was up 30.0% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. On average, research analysts forecast that Dutch Bros Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the sale, the insider now directly owns 467,228 shares in the company, valued at $14,764,404.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,110,662 shares of company stock valued at $35,502,058. Insiders own 46.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BROS shares. Robert W. Baird dropped their price target on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Barclays cut their target price on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus decreased their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Bank of America lifted their price objective on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.