Wellington Management Group LLP Has $221.96 Million Position in Dutch Bros Inc. $BROS

Wellington Management Group LLP boosted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 38.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,090,882 shares of the company’s stock after purchasing an additional 851,075 shares during the quarter. Wellington Management Group LLP owned about 1.77% of Dutch Bros worth $221,956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BROS. Integrated Wealth Concepts LLC bought a new position in shares of Dutch Bros in the first quarter valued at approximately $318,000. Empowered Funds LLC boosted its holdings in shares of Dutch Bros by 15.9% during the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after buying an additional 4,633 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Dutch Bros by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after buying an additional 22,323 shares during the period. California Public Employees Retirement System grew its stake in Dutch Bros by 24.2% in the 2nd quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after buying an additional 38,697 shares during the last quarter. Finally, State Street Corp grew its stake in Dutch Bros by 6.6% in the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after buying an additional 121,683 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insider Transactions at Dutch Bros

In other news, CEO Christine Barone sold 42,031 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the sale, the chief executive officer directly owned 44,573 shares in the company, valued at approximately $2,680,174.49. The trade was a 48.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the transaction, the insider owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 9.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,064,139 shares of company stock worth $127,296,280 over the last 90 days. Insiders own 38.90% of the company’s stock.

Analyst Ratings Changes

BROS has been the subject of a number of research analyst reports. Oppenheimer boosted their target price on shares of Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. TD Cowen reaffirmed a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a research report on Wednesday, June 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research note on Friday, July 17th. Freedom Capital raised Dutch Bros to a “strong-buy” rating in a research report on Wednesday, July 1st. Finally, Telsey Advisory Group increased their target price on Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $77.15.

Dutch Bros Stock Down 0.1%

Shares of BROS opened at $49.86 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. The company has a 50-day simple moving average of $61.46 and a 200-day simple moving average of $56.72. Dutch Bros Inc. has a 52 week low of $44.58 and a 52 week high of $74.22. The firm has a market capitalization of $8.71 billion, a P/E ratio of 69.25, a P/E/G ratio of 1.78 and a beta of 2.32.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The business had revenue of $550.85 million for the quarter, compared to the consensus estimate of $525.38 million. During the same period last year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. On average, equities research analysts expect that Dutch Bros Inc. will post 0.87 earnings per share 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.