Dutch Bros Inc. $BROS Shares Bought by Hyperion Asset Management Ltd

Hyperion Asset Management Ltd raised its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 104.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,222,532 shares of the company’s stock after acquiring an additional 624,488 shares during the period. Dutch Bros makes up 1.3% of Hyperion Asset Management Ltd’s holdings, making the stock its 18th biggest holding. Hyperion Asset Management Ltd’s holdings in Dutch Bros were worth $47,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of Dutch Bros by 38.0% in the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after acquiring an additional 851,075 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab acquired a new stake in Dutch Bros in the 1st quarter valued at approximately $33,569,000. Bank of America Corp DE increased its holdings in Dutch Bros by 33.4% in the 1st quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock valued at $91,939,000 after purchasing an additional 454,036 shares during the last quarter. Bank of New York Mellon Corp raised its position in Dutch Bros by 58.1% in the first quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock valued at $52,917,000 after purchasing an additional 384,011 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Dutch Bros in the first quarter valued at approximately $14,457,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Dutch Bros news, Director Todd Penegor acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $51.56 per share, for a total transaction of $103,120.00. Following the transaction, the director directly owned 7,358 shares of the company’s stock, valued at approximately $379,378.48. This represents a 37.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 38.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on BROS shares. JPMorgan Chase & Co. lowered their target price on Dutch Bros from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Morgan Stanley reduced their price target on shares of Dutch Bros from $88.00 to $71.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Robert W. Baird lowered their price objective on shares of Dutch Bros from $82.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, October 2nd. Weiss Ratings upgraded shares of Dutch Bros from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Seaport Research Partners began coverage on shares of Dutch Bros in a research note on Wednesday, September 16th. They set a “buy” rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.62.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded up $0.93 during trading on Tuesday, reaching $43.79. The company had a trading volume of 1,895,630 shares, compared to its average volume of 4,288,101. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 60.79, a price-to-earnings-growth ratio of 1.46 and a beta of 2.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. The stock’s fifty day moving average price is $43.86 and its 200 day moving average price is $54.18. Dutch Bros Inc. has a fifty-two week low of $36.51 and a fifty-two week high of $74.02.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $525.38 million. During the same period in the prior year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. As a group, equities research analysts predict that Dutch Bros Inc. will post 0.88 EPS for the current year.

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.