Fox Run Management L.L.C. Acquires 11,944 Shares of Dutch Bros Inc. $BROS

Fox Run Management L.L.C. increased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 121.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,754 shares of the company’s stock after purchasing an additional 11,944 shares during the period. Fox Run Management L.L.C.’s holdings in Dutch Bros were worth $1,332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Osterweis Capital Management Inc. bought a new stake in shares of Dutch Bros during the 2nd quarter valued at $27,000. Brown Lisle Cummings Inc. bought a new stake in shares of Dutch Bros during the 4th quarter valued at $31,000. Rakuten Securities Inc. raised its position in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after purchasing an additional 379 shares during the period. Caitlin John LLC bought a new stake in shares of Dutch Bros during the 3rd quarter valued at $44,000. Finally, MAI Capital Management raised its position in shares of Dutch Bros by 139.0% during the 3rd quarter. MAI Capital Management now owns 834 shares of the company’s stock valued at $44,000 after purchasing an additional 485 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 544,872 shares of Dutch Bros stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $56.21, for a total value of $30,627,255.12. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd Allan Penegor acquired 2,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $51.17 per share, with a total value of $102,340.00. Following the completion of the purchase, the director directly owned 5,358 shares in the company, valued at approximately $274,168.86. This represents a 59.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 2,022,106 shares of company stock valued at $115,725,491. Corporate insiders own 38.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Oppenheimer assumed coverage on shares of Dutch Bros in a research report on Friday, May 1st. They set an “outperform” rating and a $72.00 price objective on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Citigroup raised their price objective on shares of Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research report on Monday, April 20th. Finally, The Goldman Sachs Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.00.

Dutch Bros Stock Performance

BROS opened at $57.96 on Wednesday. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 90.57, a PEG ratio of 1.82 and a beta of 2.36. The company has a fifty day moving average of $54.04 and a 200 day moving average of $55.85. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $74.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. Dutch Bros’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period last year, the company posted $0.14 earnings per share. As a group, sell-side analysts forecast that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

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.