Savoir Faire Capital Management L.P. Has $4.44 Million Position in Dutch Bros Inc. (NYSE:BROS)

Savoir Faire Capital Management L.P. boosted its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 362.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,629 shares of the company's stock after purchasing an additional 108,629 shares during the quarter. Dutch Bros accounts for about 2.3% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 21st largest holding. Savoir Faire Capital Management L.P. owned approximately 0.09% of Dutch Bros worth $4,440,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Baillie Gifford & Co. bought a new position in shares of Dutch Bros in the third quarter worth $224,461,000. Vanguard Group Inc. increased its holdings in Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company's stock valued at $211,604,000 after buying an additional 1,661,778 shares during the period. Renaissance Technologies LLC bought a new position in Dutch Bros in the 2nd quarter valued at about $57,435,000. Concurrent Investment Advisors LLC raised its position in shares of Dutch Bros by 846.7% in 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. Finally, Joho Capital LLC lifted its holdings in shares of Dutch Bros by 428.9% during the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company's stock worth $45,029,000 after acquiring an additional 1,106,511 shares during the period. Institutional investors own 85.54% of the company's stock.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 800 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the transaction, the chairman now directly owns 466,828 shares in the company, valued at $14,938,496. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,095,377 shares of company stock worth $36,392,066. Insiders own 46.50% of the company's stock.

Dutch Bros Trading Up 4.4 %

NYSE:BROS traded up $2.09 during mid-day trading on Tuesday, hitting $49.81. 3,767,251 shares of the company's stock were exchanged, compared to its average volume of 2,835,972. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $50.24. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $7.68 billion, a P/E ratio of 171.76, a PEG ratio of 3.74 and a beta of 2.47. The company has a 50 day simple moving average of $36.14 and a 200-day simple moving average of $36.20.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. Dutch Bros's revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share. As a group, research analysts expect that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BROS. Guggenheim upgraded shares of Dutch Bros from a "neutral" rating to a "buy" rating in a research report on Thursday, August 8th. Stifel Nicolaus boosted their price target on Dutch Bros from $42.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Piper Sandler upped their price objective on Dutch Bros from $36.00 to $51.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Wedbush lifted their target price on Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, 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. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $47.30.

Dutch Bros Company 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.