Orca Investment Management LLC Has $594,000 Stake in Dutch Bros Inc. (NYSE:BROS)

Orca Investment Management LLC boosted its position in Dutch Bros Inc. (NYSE:BROS) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,552 shares of the company’s stock after buying an additional 1,181 shares during the period. Orca Investment Management LLC’s holdings in Dutch Bros were worth $594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP acquired a new position in shares of Dutch Bros during the first quarter valued at about $41,988,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Dutch Bros during the first quarter valued at about $4,430,000. Janney Montgomery Scott LLC raised its holdings in shares of Dutch Bros by 96.4% during the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after purchasing an additional 13,395 shares during the period. SG Americas Securities LLC acquired a new position in shares of Dutch Bros during the first quarter valued at about $200,000. Finally, 1832 Asset Management L.P. acquired a new position in shares of Dutch Bros during the second quarter valued at about $4,339,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BROS. UBS Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, August 15th. Wedbush reissued an “outperform” rating and set a $45.00 target price on shares of Dutch Bros in a research report on Thursday, August 8th. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Barclays decreased their target price on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Finally, TD Cowen reissued a “buy” rating and set a $47.00 target price on shares of Dutch Bros in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and an average target price of $40.20.

Dutch Bros Trading Up 5.3 %

Shares of BROS stock opened at $32.35 on Monday. Dutch Bros Inc. has a 52-week low of $23.31 and a 52-week high of $43.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The company has a 50-day simple moving average of $32.35 and a two-hundred day simple moving average of $34.64. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 129.40, a PEG ratio of 2.55 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. During the same period in the prior year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. Research analysts anticipate that Dutch Bros Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Travis Boersma sold 18,223 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $34.13, for a total transaction of $621,950.99. Following the completion of the transaction, the chairman now directly owns 263,954 shares of the company’s stock, valued at $9,008,750.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Travis Boersma sold 18,223 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $34.13, for a total transaction of $621,950.99. Following the completion of the transaction, the chairman now directly owns 263,954 shares of the company’s stock, valued at $9,008,750.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $32.39, for a total transaction of $6,038,079.02. Following the transaction, the insider now directly owns 512,300 shares of the company’s stock, valued at $16,593,397. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,885 shares of company stock valued at $36,124,009 in the last three months. Company insiders own 46.50% of the company’s stock.

About Dutch Bros

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.