Petrus Trust Company LTA Acquires New Shares in Dutch Bros Inc. (NYSE:BROS)

Petrus Trust Company LTA acquired a new stake in Dutch Bros Inc. (NYSE:BROS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 19,896 shares of the company’s stock, valued at approximately $637,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros in the second quarter valued at about $27,000. Jamison Private Wealth Management Inc. raised its holdings in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares in the last quarter. Hollencrest Capital Management raised its holdings in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 764 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Dutch Bros in the third quarter valued at about $36,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $54.22 on Thursday. The business’s 50 day moving average price is $40.31 and its 200 day moving average price is $37.65. The firm has a market cap of $8.36 billion, a P/E ratio of 186.97, a P/E/G ratio of 4.01 and a beta of 2.72. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $55.79. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. Dutch Bros’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, sell-side analysts expect that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BROS has been the topic of several analyst reports. UBS Group lifted their target price on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their target price on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays lifted their target price on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler lifted their target price on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.30.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $32.39, for a total value of $6,038,079.02. Following the completion of the transaction, the insider now directly owns 512,300 shares of the company’s stock, valued at approximately $16,593,397. The trade was a 26.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the transaction, the insider now directly owns 125,671 shares of the company’s stock, valued at $4,527,926.13. The trade was a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,060,067 shares of company stock worth $35,261,572 over the last quarter. Insiders own 46.50% of the company’s stock.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.