Charles Schwab Investment Management Inc. Increases Stake in Dutch Bros Inc. (NYSE:BROS)

Charles Schwab Investment Management Inc. lifted its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 35.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 687,527 shares of the company's stock after buying an additional 181,636 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.45% of Dutch Bros worth $22,021,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BROS. Baillie Gifford & Co. bought a new stake in shares of Dutch Bros during the third quarter worth $224,461,000. Renaissance Technologies LLC purchased a new position in Dutch Bros in the 2nd quarter worth about $57,435,000. Concurrent Investment Advisors LLC lifted its holdings in Dutch Bros by 846.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company's stock valued at $51,353,000 after buying an additional 1,109,370 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Dutch Bros by 8,247.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company's stock valued at $44,766,000 after buying an additional 1,068,352 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Dutch Bros by 6,192.7% in the 2nd quarter. Principal Financial Group Inc. now owns 752,482 shares of the company's stock worth $31,153,000 after acquiring an additional 740,524 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Dutch Bros from $42.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Robert W. Baird upped their target price on Dutch Bros from $37.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. UBS Group increased their price target on Dutch Bros from $44.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on Dutch Bros from $44.00 to $48.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, Piper Sandler upped their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.40.

Dutch Bros Stock Up 2.1 %

NYSE:BROS traded up $1.16 during midday trading on Friday, reaching $55.14. 2,297,608 shares of the stock traded hands, compared to its average volume of 2,805,587. The stock has a market capitalization of $8.50 billion, a PE ratio of 191.90, a price-to-earnings-growth ratio of 4.00 and a beta of 2.72. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $56.10. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The business has a 50-day moving average of $40.74 and a two-hundred day moving average of $37.76.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $338.20 million for 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 company's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. On average, equities analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.39, for a total value of $6,038,079.02. Following the sale, the insider now owns 512,300 shares in the company, valued at $16,593,397. This represents a 26.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the transaction, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 1,060,067 shares of company stock valued at $35,261,572 in the last ninety days. Company insiders own 46.50% of the company's stock.

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.