7,007,836 Shares in Dutch Bros Inc. (NYSE:BROS) Acquired by Baillie Gifford & Co.

Baillie Gifford & Co. bought a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,007,836 shares of the company's stock, valued at approximately $224,461,000. Baillie Gifford & Co. owned about 4.54% of Dutch Bros as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Chartwell Investment Partners LLC grew its holdings in shares of Dutch Bros by 56.0% during the third quarter. Chartwell Investment Partners LLC now owns 14,742 shares of the company's stock worth $472,000 after purchasing an additional 5,293 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Dutch Bros by 23.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 62,891 shares of the company's stock valued at $2,014,000 after acquiring an additional 11,880 shares during the last quarter. Covestor Ltd boosted its holdings in Dutch Bros by 355.6% in the third quarter. Covestor Ltd now owns 3,663 shares of the company's stock valued at $117,000 after acquiring an additional 2,859 shares during the last quarter. Hollencrest Capital Management boosted 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 acquiring an additional 314 shares during the last quarter. Finally, Keudell Morrison Wealth Management boosted its holdings in Dutch Bros by 4.6% in the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company's stock valued at $353,000 after acquiring an additional 490 shares during the last quarter. Institutional investors own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BROS shares. JPMorgan Chase & Co. raised their price target on Dutch Bros from $44.00 to $48.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. TD Cowen raised their price target on Dutch Bros from $47.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, November 7th. UBS Group increased 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 reduced their target price on Dutch Bros from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, Wedbush raised their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a report 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 company's stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of "Moderate Buy" and a consensus target price of $45.80.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now owns 15,610 shares in the company, valued at approximately $522,622.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dutch Bros news, Chairman Travis Boersma sold 38,339 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the sale, the chairman now owns 15,610 shares in the company, valued at approximately $522,622.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,689,583 shares of company stock worth $55,164,707. Corporate insiders own 46.50% of the company's stock.

Dutch Bros Stock Down 0.0 %

Shares of NYSE:BROS traded down $0.01 during trading on Tuesday, hitting $48.43. 1,701,999 shares of the company's stock traded hands, compared to its average volume of 2,819,354. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $50.24. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 167.04, a price-to-earnings-growth ratio of 5.20 and a beta of 2.47. The company has a 50-day moving average price of $34.20 and a 200-day moving average price of $35.35.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 5.58% and a net margin of 2.54%. The business had revenue of $338.20 million for the quarter, compared to analysts' expectations of $324.97 million. During the same quarter in the previous year, the business posted $0.08 EPS. Dutch Bros's revenue for the quarter was up 27.9% on a year-over-year basis. As a group, research analysts forecast that Dutch Bros Inc. will post 0.33 EPS for the current fiscal year.

Dutch Bros Profile

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.