ING Groep NV Grows Position in Dutch Bros Inc. $BROS

ING Groep NV lifted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,400 shares of the company’s stock after purchasing an additional 12,000 shares during the quarter. ING Groep NV owned 0.26% of Dutch Bros worth $22,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new position in shares of Dutch Bros in the first quarter worth approximately $318,000. Empowered Funds LLC grew its holdings in Dutch Bros by 15.9% in the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after acquiring an additional 4,633 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Dutch Bros by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after acquiring an additional 22,323 shares during the period. US Bancorp DE raised its stake in shares of Dutch Bros by 76.6% during the second quarter. US Bancorp DE now owns 15,458 shares of the company’s stock valued at $1,057,000 after acquiring an additional 6,703 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Dutch Bros by 22.8% during the second quarter. IFP Advisors Inc now owns 3,710 shares of the company’s stock worth $254,000 after purchasing an additional 688 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BROS shares. Zacks Research downgraded Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Royal Bank Of Canada lifted their price objective on Dutch Bros from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Barclays upped their target price on Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. UBS Group reissued a “buy” rating on shares of Dutch Bros in a research report on Monday. Finally, Stifel Nicolaus dropped their target price on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.19.

Dutch Bros Price Performance

Shares of BROS opened at $53.56 on Thursday. Dutch Bros Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $86.88. The firm’s 50-day simple moving average is $60.35 and its two-hundred day simple moving average is $59.46. The stock has a market cap of $8.81 billion, a PE ratio of 107.11, a price-to-earnings-growth ratio of 2.31 and a beta of 2.54. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.32 and a current ratio of 1.52.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,678,616 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $93,062,471.04. Following the sale, the chairman directly owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. The trade was a 99.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $35,930,054.16. Following the transaction, the insider owned 9,817 shares of the company’s stock, valued at $544,254.48. The trade was a 98.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,465,214 shares of company stock worth $189,800,291 in the last 90 days. 42.40% of the stock is currently owned by company insiders.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.