WINTON GROUP Ltd Invests $711,000 in Dutch Bros Inc. $BROS

WINTON GROUP Ltd purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,620 shares of the company’s stock, valued at approximately $711,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Dutch Bros by 56.5% during the third quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company’s stock worth $5,733,000 after buying an additional 39,561 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Dutch Bros by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock valued at $10,714,000 after purchasing an additional 49,194 shares in the last quarter. Thornburg Investment Management Inc. lifted its holdings in shares of Dutch Bros by 143.9% in the third quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the company’s stock valued at $4,067,000 after purchasing an additional 45,847 shares in the last quarter. Magnetar Financial LLC lifted its holdings in shares of Dutch Bros by 107.2% in the third quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock valued at $7,358,000 after purchasing an additional 72,751 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Dutch Bros by 1,559.3% in the fourth quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock valued at $5,959,000 after purchasing an additional 91,468 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 189,655 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $56.21, for a total transaction of $10,660,507.55. Following the completion of the transaction, the insider owned 3,265,362 shares of the company’s stock, valued at approximately $183,545,998.02. This represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 544,872 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $56.21, for a total transaction of $30,627,255.12. Following the transaction, the chairman directly owned 3,265,362 shares of the company’s stock, valued at $183,545,998.02. This trade represents a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 2,022,106 shares of company stock valued at $115,725,491. Insiders own 38.90% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS opened at $60.39 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 94.35, a PEG ratio of 1.87 and a beta of 2.36. The company’s 50 day simple moving average is $54.29 and its 200 day simple moving average is $55.91. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Dutch Bros’s revenue for the quarter was up 30.7% compared to the same quarter last year. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.84 EPS for the current year.

Analysts Set New Price Targets

BROS has been the topic of several recent research reports. Citigroup upped their price target on shares of Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Barclays reduced their price target on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. The Goldman Sachs Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, March 2nd. DA Davidson reissued a “buy” rating and set a $75.00 price objective on shares of Dutch Bros in a research note on Monday, June 1st. Finally, TD Cowen reissued a “buy” rating and set a $73.00 price objective on shares of Dutch Bros in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $76.00.

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.