Delta Global Management LP Purchases Shares of 265,781 Dutch Bros Inc. $BROS

Delta Global Management LP purchased a new stake in Dutch Bros Inc. (NYSE:BROS) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 265,781 shares of the company’s stock, valued at approximately $13,464,000.

Other hedge funds have also recently made changes to their positions in the company. Alyeska Investment Group L.P. bought a new position in shares of Dutch Bros in the fourth quarter worth $113,880,000. Westfield Capital Management Co. LP bought a new stake in Dutch Bros during the fourth quarter valued at $108,948,000. Norges Bank purchased a new position in Dutch Bros during the fourth quarter worth about $96,951,000. Balyasny Asset Management L.P. grew its position in Dutch Bros by 196.0% during the third quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock worth $95,112,000 after buying an additional 1,203,338 shares in the last quarter. Finally, Interval Partners LP bought a new position in Dutch Bros in the 4th quarter worth about $57,276,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Performance

NYSE:BROS opened at $64.01 on Friday. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 100.02, a PEG ratio of 1.94 and a beta of 2.31. The business has a 50 day moving average of $63.20 and a 200 day moving average of $57.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. Dutch Bros Inc. has a 1-year low of $44.58 and a 1-year high of $74.65.

Dutch Bros (NYSE:BROS) last posted 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 for the quarter, compared to the consensus estimate of $449.69 million. During the same period last year, the firm posted $0.14 earnings per share. The business’s revenue 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 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the transaction, the chairman owned 2,410,800 shares in the company, valued at approximately $151,928,616. The trade was a 23.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 business’s stock in a transaction dated 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 sale, the insider directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This trade represents a 9.77% 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. Insiders have sold 4,086,245 shares of company stock worth $243,021,771 over the last ninety days. Insiders own 38.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Stephens began coverage on Dutch Bros in a report on Thursday, July 16th. They issued an “overweight” rating and a $80.00 price target on the stock. UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Wednesday, May 20th. KeyCorp upped their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. TD Cowen reaffirmed a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a research note on Wednesday, June 10th. Finally, Telsey Advisory Group started coverage on shares of Dutch Bros in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

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.