Orca Investment Management LLC Makes New $1.21 Million Investment in Dutch Bros Inc. $BROS

Orca Investment Management LLC bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,866 shares of the company’s stock, valued at approximately $1,211,000.

A number of other hedge funds have also recently modified their holdings of the business. D.A. Davidson & CO. lifted its stake in shares of Dutch Bros by 0.4% during the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after acquiring an additional 211 shares during the last quarter. AdvisorShares Investments LLC grew its position in Dutch Bros by 7.2% in the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after acquiring an additional 212 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Dutch Bros by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after acquiring an additional 221 shares during the last quarter. Lazard Asset Management LLC increased its stake in Dutch Bros by 6.5% in the third quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock worth $232,000 after purchasing an additional 270 shares during the period. Finally, Quarry LP increased its stake in Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Up 1.7%

Shares of NYSE BROS opened at $51.99 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $64.30 and a two-hundred day simple moving average of $57.11. The firm has a market cap of $9.08 billion, a PE ratio of 72.21, a price-to-earnings-growth ratio of 1.86 and a beta of 2.32. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $74.65.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The business had revenue of $550.85 million during the quarter, compared to analysts’ expectations of $525.38 million. During the same period in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. Analysts expect that Dutch Bros Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Director Todd Allan Penegor acquired 2,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of $51.56 per share, with a total value of $103,120.00. Following the completion of the purchase, the director directly owned 7,358 shares in the company, valued at $379,378.48. The trade was a 37.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the transaction, the insider owned 2,410,800 shares in the company, valued at approximately $151,928,616. The trade was a 9.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,086,245 shares of company stock valued at $243,021,771 in the last ninety days. 38.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BROS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research report on Friday, July 17th. Freedom Capital upgraded shares of Dutch Bros to a “strong-buy” rating in a report on Wednesday, July 1st. Royal Bank Of Canada reduced their price target on shares of Dutch Bros from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a report on Tuesday, July 28th. Finally, Morgan Stanley boosted their price objective on shares of Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. One investment 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 company’s stock. According to MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $77.15.

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.