Rockefeller Capital Management L.P. Acquires 28,204 Shares of Dutch Bros Inc. (NYSE:BROS)

Rockefeller Capital Management L.P. grew its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 74.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,983 shares of the company's stock after acquiring an additional 28,204 shares during the period. Rockefeller Capital Management L.P.'s holdings in Dutch Bros were worth $2,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Baillie Gifford & Co. bought a new stake in Dutch Bros during the 3rd quarter worth about $224,461,000. Marshall Wace LLP lifted its position in shares of Dutch Bros by 15.4% during the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company's stock worth $164,042,000 after purchasing an additional 527,716 shares in the last quarter. Driehaus Capital Management LLC grew its stake in shares of Dutch Bros by 11.0% during the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company's stock valued at $92,953,000 after purchasing an additional 222,650 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company's stock valued at $64,715,000 after purchasing an additional 741,771 shares in the last quarter. Finally, Davidson Kempner Capital Management LP raised its position in Dutch Bros by 43.5% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company's stock worth $65,626,000 after purchasing an additional 480,153 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Trading Up 2.1 %

Dutch Bros stock traded up $1.16 during midday trading on Friday, hitting $55.14. 2,402,904 shares of the stock were exchanged, compared to its average volume of 3,820,243. The stock has a market capitalization of $8.50 billion, a PE ratio of 190.14, a P/E/G ratio of 3.99 and a beta of 2.72. The company has a fifty day simple moving average of $41.19 and a two-hundred day simple moving average of $37.90. 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 52 week low of $25.46 and a 52 week high of $56.10.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $338.20 million for the quarter, compared to analysts' expectations of $324.97 million. During the same period last year, the firm posted $0.08 earnings per share. The business's quarterly revenue was up 27.9% compared to the same quarter last year. Equities research analysts anticipate that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BROS shares. Piper Sandler increased their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. 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. Wedbush lifted their price objective on Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. UBS Group upped their target price on shares of Dutch Bros from $44.00 to $65.00 and gave the company a "buy" rating in a research report on Friday. Finally, Barclays lifted their price target on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.40.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the company'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 completion of the transaction, the insider now owns 125,671 shares in the company, valued at $4,527,926.13. This represents a 24.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the firm's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction 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 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,060,067 shares of company stock valued at $35,261,572. 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.