Dutch Bros Inc. $BROS Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 36.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 76,194 shares of the company’s stock after selling 43,845 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Dutch Bros were worth $3,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BROS. Ninety One UK Ltd acquired a new position in shares of Dutch Bros during the third quarter valued at approximately $135,336,000. Marshall Wace LLP lifted its position in Dutch Bros by 139.2% in the second quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock worth $171,593,000 after purchasing an additional 1,460,376 shares during the period. Invesco Ltd. boosted its stake in Dutch Bros by 70.9% during the 2nd quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock valued at $159,517,000 after purchasing an additional 967,861 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Dutch Bros by 14.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,173,710 shares of the company’s stock valued at $148,643,000 after purchasing an additional 267,074 shares during the period. Finally, State Street Corp raised its stake in shares of Dutch Bros by 6.6% in the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company’s stock worth $135,266,000 after buying an additional 121,683 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the company’s stock in a transaction dated 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 in the company, valued at $544,254.48. This represents a 98.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. This represents a 99.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,465,214 shares of company stock worth $189,800,291. Company insiders own 42.40% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $57.84 on Wednesday. The company’s fifty day moving average is $60.62 and its two-hundred day moving average is $59.99. The company has a market cap of $9.52 billion, a P/E ratio of 115.68, a price-to-earnings-growth ratio of 2.31 and a beta of 2.55. Dutch Bros Inc. has a 12-month low of $47.16 and a 12-month high of $86.88. 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 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. The business had revenue of $423.58 million during the quarter, compared to analysts’ expectations of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.Dutch Bros’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. Equities analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on BROS shares. UBS Group reaffirmed a “buy” rating on shares of Dutch Bros in a research note on Tuesday, December 16th. The Goldman Sachs Group cut their price target on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Piper Sandler reduced their price objective on shares of Dutch Bros from $73.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Mizuho lifted their price objective on shares of Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Finally, Royal Bank Of Canada boosted their target price on shares of Dutch Bros from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.19.

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.