SG Americas Securities LLC Has $4.65 Million Stake in Dutch Bros Inc. $BROS

SG Americas Securities LLC increased its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 2,693.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 91,750 shares of the company’s stock after purchasing an additional 88,465 shares during the quarter. SG Americas Securities LLC’s holdings in Dutch Bros were worth $4,648,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Marshall Wace LLP boosted its stake in Dutch Bros by 15.1% in the fourth quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock valued at $189,677,000 after acquiring an additional 407,528 shares during the last quarter. Ninety One UK Ltd raised its position in shares of Dutch Bros by 1.5% during the 4th quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock valued at $160,732,000 after acquiring an additional 39,781 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Dutch Bros by 4.0% in the 3rd quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock valued at $127,011,000 after purchasing an additional 93,515 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dutch Bros by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock valued at $138,699,000 after purchasing an additional 39,349 shares during the period. Finally, State Street Corp lifted its stake in shares of Dutch Bros by 1.8% in the 4th quarter. State Street Corp now owns 2,020,112 shares of the company’s stock valued at $123,671,000 after purchasing an additional 35,854 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BROS has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, March 2nd. Oppenheimer initiated coverage on shares of Dutch Bros in a research report on Friday, May 1st. They issued an “outperform” rating and a $72.00 price target on the stock. DA Davidson lifted their price objective on shares of Dutch Bros from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Morgan Stanley restated an “overweight” rating and set a $87.00 price objective on shares of Dutch Bros in a report on Thursday, May 7th. Finally, KeyCorp upped their target price on shares of Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.86.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction that occurred on Thursday, June 11th. The shares were 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 of the company’s stock, valued at approximately $151,928,616. The trade was a 23.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction 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. This trade represents a 9.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,086,245 shares of company stock valued at $243,021,771 over the last quarter. 38.90% of the stock is owned by insiders.

Dutch Bros Stock Down 0.2%

NYSE:BROS opened at $71.73 on Tuesday. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of 112.08, a PEG ratio of 2.33 and a beta of 2.36. The stock has a 50-day moving average price of $58.28 and a two-hundred day moving average price of $56.80.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.Dutch Bros’s revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. As a group, equities analysts expect that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

About Dutch Bros

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.