Dimensional Fund Advisors LP Grows Holdings in Dutch Bros Inc. (NYSE:BROS)

Dimensional Fund Advisors LP boosted its holdings in Dutch Bros Inc. (NYSE:BROS) by 257.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 154,598 shares of the company’s stock after buying an additional 111,398 shares during the period. Dimensional Fund Advisors LP owned 0.09% of Dutch Bros worth $6,401,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BROS. Vanguard Group Inc. increased 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 valued at $211,604,000 after purchasing an additional 1,661,778 shares in the last quarter. Joho Capital LLC boosted its stake in Dutch Bros by 428.9% during the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares during the period. Wasatch Advisors LP acquired a new stake in Dutch Bros in the 1st quarter valued at approximately $41,988,000. Concurrent Investment Advisors LLC grew its position in Dutch Bros by 846.7% in the 2nd 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in 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 worth $44,766,000 after purchasing an additional 1,068,352 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Up 0.4 %

BROS opened at $31.77 on Wednesday. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 176.50, a PEG ratio of 2.84 and a beta of 2.49. 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’s 50-day simple moving average is $32.74 and its 200-day simple moving average is $34.68. Dutch Bros Inc. has a twelve month low of $23.31 and a twelve month high of $43.49.

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

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the sale, the insider now owns 467,228 shares of the company’s stock, valued at $14,764,404.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 467,228 shares of the company’s stock, valued at $14,764,404.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 18,223 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $34.13, for a total value of $621,950.99. Following the transaction, the chairman now directly owns 263,954 shares in the company, valued at approximately $9,008,750.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,128,885 shares of company stock valued at $36,124,009. 46.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on BROS. Robert W. Baird dropped their price target on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus lowered their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group upgraded 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 note on Thursday, August 15th. Barclays cut their target price on 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. Finally, Wedbush reiterated an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and an average price target of $40.20.

About Dutch Bros

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.