M&T Bank Corp Takes Position in Dutch Bros Inc. (NYSE:BROS)

M&T Bank Corp bought a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,617 shares of the company's stock, valued at approximately $436,000.

Other institutional investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI bought a new position in shares of Dutch Bros in the 2nd quarter valued at about $27,000. Jamison Private Wealth Management Inc. lifted its stake in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Hollencrest Capital Management grew its holdings in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company's stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Quest Partners LLC increased its stake 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 buying an additional 764 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in Dutch Bros in the third quarter valued at $36,000. 85.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Dutch Bros from $37.00 to $46.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Wedbush lifted their price target on Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Stifel Nicolaus upped their price target on Dutch Bros from $42.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their target price on Dutch Bros from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Dutch Bros has an average rating of "Moderate Buy" and a consensus target price of $50.36.

Dutch Bros Stock Down 3.2 %

BROS traded down $1.69 on Wednesday, hitting $51.27. The company had a trading volume of 2,205,531 shares, compared to its average volume of 2,789,341. The stock has a fifty day moving average price of $44.11 and a 200-day moving average price of $38.79. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $56.10. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 176.80, a P/E/G ratio of 3.89 and a beta of 2.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

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, topping analysts' consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The business's quarterly revenue was up 27.9% compared to the same quarter last year. Analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 sale, the insider now directly owns 125,671 shares of the company's stock, valued at approximately $4,527,926.13. The trade was a 24.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 285,462 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the sale, the chairman now owns 9,817 shares in the company, valued at $327,691.46. This trade represents a 96.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 560,698 shares of company stock valued at $19,040,697. 46.50% of the stock is owned by corporate insiders.

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.