598,044 Shares in Dutch Bros Inc. $BROS Purchased by Hyperion Asset Management Ltd

Hyperion Asset Management Ltd purchased a new stake in Dutch Bros Inc. (NYSE:BROS) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 598,044 shares of the company’s stock, valued at approximately $42,946,000. Dutch Bros makes up approximately 1.1% of Hyperion Asset Management Ltd’s holdings, making the stock its 19th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Osterweis Capital Management Inc. purchased a new stake in Dutch Bros during the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. lifted its position in shares of Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares in the last quarter. Ankerstar Wealth LLC purchased a new position in shares of Dutch Bros in the fourth quarter valued at approximately $31,000. Quarry LP boosted its stake in shares of Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after acquiring an additional 273 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Dutch Bros by 129.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 635 shares of the company’s stock worth $39,000 after acquiring an additional 358 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Stock Down 3.4%

Shares of NYSE:BROS opened at $49.55 on Wednesday. Dutch Bros Inc. has a 52-week low of $44.58 and a 52-week high of $74.65. The stock has a market cap of $8.65 billion, a P/E ratio of 68.82, a PEG ratio of 1.89 and a beta of 2.32. The business has a fifty day moving average of $64.58 and a two-hundred day moving average of $57.29. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $550.85 million for the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. On average, research analysts expect that Dutch Bros Inc. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

BROS has been the subject of several recent research reports. Morgan Stanley increased their price objective on Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. KeyCorp lifted their target price on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. TD Cowen reaffirmed a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a report on Wednesday, June 10th. Barclays reduced their target price on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Finally, Telsey Advisory Group raised their price target on shares of Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.15.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of Dutch Bros stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 9.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the transaction, the chairman owned 2,410,800 shares in the company, valued at $151,928,616. The trade was a 23.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,086,245 shares of company stock worth $243,021,771 over the last ninety days. 38.90% of the stock is owned by insiders.

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.