Principal Financial Group Inc. Makes New $14.46 Million Investment in Dutch Bros Inc. $BROS

Principal Financial Group Inc. purchased a new position in Dutch Bros Inc. (NYSE:BROS) in the first quarter, HoldingsChannel reports. The firm purchased 285,371 shares of the company’s stock, valued at approximately $14,457,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Dutch Bros during the first quarter valued at approximately $318,000. Empowered Funds LLC lifted its position in Dutch Bros by 15.9% in the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after purchasing an additional 4,633 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 worth $18,875,000 after purchasing an additional 22,323 shares during the period. California Public Employees Retirement System boosted its stake in Dutch Bros by 24.2% during the 2nd quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after purchasing an additional 38,697 shares in the last quarter. Finally, State Street Corp boosted its stake in Dutch Bros by 6.6% during the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after purchasing an additional 121,683 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BROS has been the topic of a number of research reports. Citigroup boosted their price objective on Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. BNP Paribas Exane began coverage on Dutch Bros in a research note on Monday, March 30th. They set an “outperform” rating and a $73.00 target price for the company. Freedom Capital raised Dutch Bros to a “strong-buy” rating in a report on Wednesday, July 1st. DA Davidson boosted their price target on shares of Dutch Bros from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, TD Cowen reiterated a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Dutch Bros Price Performance

NYSE BROS opened at $64.03 on Friday. The stock has a market capitalization of $11.18 billion, a P/E ratio of 100.04, a P/E/G ratio of 1.97 and a beta of 2.31. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65. The business’s fifty day moving average is $62.95 and its two-hundred day moving average is $57.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, research analysts forecast that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the transaction, the insider owned 2,410,800 shares in the company, valued at $151,928,616. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christine Barone sold 42,031 shares of Dutch Bros stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total value of $2,527,324.03. Following the completion of the transaction, the chief executive officer directly owned 44,573 shares in the company, valued at $2,680,174.49. This represents a 48.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,086,245 shares of company stock valued at $243,021,771 over the last three months. Company insiders own 38.90% of the company’s stock.

Dutch Bros Company Profile

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.