Y Intercept Hong Kong Ltd Acquires 95,713 Shares of Dutch Bros Inc. $BROS

Y Intercept Hong Kong Ltd grew its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 768.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,170 shares of the company’s stock after acquiring an additional 95,713 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Dutch Bros were worth $5,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of BROS. Osterweis Capital Management Inc. bought a new position in shares of Dutch Bros in the second quarter worth about $27,000. Rakuten Securities Inc. raised its stake in Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after acquiring an additional 379 shares during the period. Kiker Wealth Management LLC raised its stake in Dutch Bros by 4,423.1% during the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock worth $40,000 after acquiring an additional 575 shares during the period. GAMMA Investing LLC lifted its holdings in Dutch Bros by 31.5% during the third quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its position in shares of Dutch Bros by 100.0% in the second quarter. AdvisorNet Financial Inc now owns 1,000 shares of the company’s stock worth $68,000 after purchasing an additional 500 shares during the period. 85.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $35,930,054.16. Following the transaction, the insider owned 9,817 shares of the company’s stock, valued at $544,254.48. This represents a 98.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 1,678,616 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $93,062,471.04. Following the completion of the sale, the chairman owned 9,817 shares of the company’s stock, valued at $544,254.48. This represents a 99.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,465,214 shares of company stock worth $189,800,291. Corporate insiders own 42.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. KeyCorp restated an “overweight” rating on shares of Dutch Bros in a research report on Friday, January 9th. Morgan Stanley cut their price target on Dutch Bros from $84.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday. Wells Fargo & Company lowered their price objective on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group dropped their price target on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.95.

Dutch Bros Stock Performance

NYSE:BROS opened at $60.99 on Friday. Dutch Bros Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $86.88. The firm has a market capitalization of $10.03 billion, a PE ratio of 121.99, a PEG ratio of 2.40 and a beta of 2.55. The stock’s fifty day moving average is $60.34 and its 200 day moving average is $60.11. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.32 and a current ratio of 1.52.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The company had revenue of $423.58 million for the quarter, compared to the consensus estimate of $414.81 million. During the same quarter last year, the firm posted $0.16 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

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.