Rockefeller Capital Management L.P. Has $2.11 Million Stake in Dutch Bros Inc. (NYSE:BROS)

Rockefeller Capital Management L.P. boosted its holdings in Dutch Bros Inc. (NYSE:BROS) by 74.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,983 shares of the company’s stock after buying an additional 28,204 shares during the period. Rockefeller Capital Management L.P.’s holdings in Dutch Bros were worth $2,113,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in Dutch Bros in the second quarter valued at approximately $27,000. Quest Partners LLC lifted its holdings in 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 buying an additional 764 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in 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 buying an additional 500 shares during the period. Hollencrest Capital Management lifted its holdings in 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 buying an additional 314 shares during the period. Finally, Abound Wealth Management acquired a new position in Dutch Bros in the second quarter valued at approximately $39,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on BROS. TD Cowen increased their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Robert W. Baird increased their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wedbush increased their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Barclays increased their target price on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.40.

Dutch Bros Stock Up 2.2 %

Shares of BROS stock opened at $55.15 on Friday. The firm has a fifty day moving average of $41.19 and a 200-day moving average of $37.89. 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 Inc. has a 12-month low of $25.46 and a 12-month high of $56.10. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 190.17, a P/E/G ratio of 4.00 and a beta of 2.72.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 earnings per share. As a group, equities research analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction 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 owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.39, for a total transaction 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. This trade represents a 26.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,060,067 shares of company stock valued at $35,261,572. Corporate 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.