Dutch Bros Inc. (NYSE:BROS) Shares Purchased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC grew its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 9.7% in the second quarter, Holdings Channel.com reports. The fund owned 9,532 shares of the company’s stock after buying an additional 840 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Dutch Bros were worth $395,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Keudell Morrison Wealth Management lifted its holdings in shares of Dutch Bros by 5.2% during the second quarter. Keudell Morrison Wealth Management now owns 10,546 shares of the company’s stock valued at $437,000 after purchasing an additional 524 shares during the last quarter. Wealth Management Partners LLC raised its holdings in Dutch Bros by 4.2% during the 1st quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock worth $620,000 after buying an additional 756 shares during the period. Transcendent Capital Group LLC purchased a new stake in Dutch Bros during the first quarter valued at about $26,000. Bullseye Asset Management LLC boosted its holdings in shares of Dutch Bros by 20.0% in the fourth quarter. Bullseye Asset Management LLC now owns 6,000 shares of the company’s stock worth $190,000 after buying an additional 1,000 shares during the period. Finally, Inspire Advisors LLC boosted its holdings in shares of Dutch Bros by 7.1% in the first quarter. Inspire Advisors LLC now owns 16,010 shares of the company’s stock worth $528,000 after buying an additional 1,067 shares during the period. 85.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Thursday, August 15th. Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a report on Thursday, August 8th. Stifel Nicolaus decreased their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Finally, Bank of America raised their price objective on Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.73.

Dutch Bros Stock Performance

Shares of BROS opened at $31.00 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98. Dutch Bros Inc. has a one year low of $22.67 and a one year high of $43.49. The company’s fifty day moving average price is $36.79 and its 200 day moving average price is $34.23. The company has a market capitalization of $5.49 billion, a PE ratio of 172.22, a price-to-earnings-growth ratio of 4.71 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The firm’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. As a group, analysts expect that Dutch Bros Inc. will post 0.3 earnings per share for the current year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total value of $919,294.20. Following the completion of the transaction, the insider now directly owns 432,518 shares of the company’s stock, valued at approximately $13,849,226.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 624,116 shares of company stock valued at $19,730,335. 46.50% of the stock is owned by company insiders.

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.