Savoir Faire Capital Management L.P. Buys 25,935 Shares of Dutch Bros Inc. $BROS

Savoir Faire Capital Management L.P. grew its stake in Dutch Bros Inc. (NYSE:BROS) by 29.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,783 shares of the company’s stock after purchasing an additional 25,935 shares during the period. Dutch Bros comprises approximately 2.1% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 21st largest position. Savoir Faire Capital Management L.P.’s holdings in Dutch Bros were worth $5,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BROS. RiverPark Advisors LLC grew its stake in shares of Dutch Bros by 4.8% during the second quarter. RiverPark Advisors LLC now owns 3,966 shares of the company’s stock worth $271,000 after buying an additional 181 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in Dutch Bros by 0.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock worth $1,319,000 after acquiring an additional 200 shares during the last quarter. Moody Lynn & Lieberson LLC raised its position in Dutch Bros by 3.9% in the third quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company’s stock valued at $282,000 after purchasing an additional 204 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of 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, Verdence Capital Advisors LLC grew its holdings in shares of Dutch Bros by 4.8% during the third quarter. Verdence Capital Advisors LLC now owns 4,732 shares of the company’s stock worth $248,000 after purchasing an additional 217 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the subject of a number of research reports. TD Cowen reiterated a “buy” rating on shares of Dutch Bros in a report on Monday, January 5th. Wells Fargo & Company dropped their price target on shares of Dutch Bros from $80.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Stifel Nicolaus cut their price target on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, October 31st. KeyCorp restated an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. Finally, Mizuho lifted their target price on Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.95.

Insider Activity at Dutch Bros

In other Dutch Bros 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 transaction of $35,930,054.16. Following the transaction, the insider directly owned 9,817 shares in the company, valued at approximately $544,254.48. This represents a 98.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Travis Boersma sold 1,678,616 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the sale, the chairman directly owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. This trade represents a 99.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,465,214 shares of company stock valued at $189,800,291 in the last ninety days. 42.40% of the stock is currently owned by insiders.

Dutch Bros Trading Up 0.6%

BROS opened at $60.99 on Monday. Dutch Bros Inc. has a twelve month low of $47.16 and a twelve month high of $86.88. The company has a fifty day moving average of $60.34 and a 200-day moving average of $60.06. The stock has a market cap of $10.03 billion, a PE ratio of 121.99, a price-to-earnings-growth ratio of 2.40 and a beta of 2.55. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68.

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

Dutch Bros 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.