Danica Pension Livsforsikringsaktieselskab Makes New Investment in Dutch Bros Inc. $BROS

Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 662,638 shares of the company’s stock, valued at approximately $33,569,000. Danica Pension Livsforsikringsaktieselskab owned approximately 0.40% of Dutch Bros at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D.A. Davidson & CO. increased its position in shares of Dutch Bros by 0.4% in the first 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 in the last quarter. AdvisorShares Investments LLC boosted its stake in Dutch Bros by 7.2% in the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock worth $194,000 after purchasing an additional 212 shares during the period. Parkside Financial Bank & Trust boosted its stake in Dutch Bros by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock worth $151,000 after purchasing an additional 221 shares during the period. Allworth Financial LP grew its position in Dutch Bros by 7.5% during the 3rd quarter. Allworth Financial LP now owns 3,312 shares of the company’s stock worth $173,000 after purchasing an additional 232 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Dutch Bros by 6.5% during the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock worth $232,000 after purchasing an additional 270 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BROS has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a report on Friday. KeyCorp lifted their price target on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Oppenheimer upped their price target on Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th. UBS Group reissued a “buy” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Finally, Piper Sandler increased their price objective on Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $77.50.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $66.07 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65. The business has a fifty day simple moving average of $62.33 and a 200 day simple moving average of $57.34. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 103.24, a P/E/G ratio of 2.01 and a beta of 2.31.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The firm had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.69 million. During the same quarter last year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was up 30.7% on a year-over-year basis. As a group, sell-side analysts predict that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. The trade was a 9.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value 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. This represents a 23.73% decrease in their position. 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 sold a total of 4,086,245 shares of company stock worth $243,021,771 in the last three months. 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.