Radnor Capital Management LLC Raises Position in Dutch Bros Inc. $BROS

by · The Markets Daily

Radnor Capital Management LLC boosted its position in Dutch Bros Inc. (NYSE:BROS – Free Report) by 21.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,425 shares of the company’s stock after purchasing an additional 1,115 shares during the period. Radnor Capital Management LLC’s holdings in Dutch Bros were worth $439,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. MRA Advisory Group bought a new stake in shares of Dutch Bros in the second quarter valued at $548,000. Parallel Advisors LLC increased its holdings in Dutch Bros by 162.6% in the 2nd quarter. Parallel Advisors LLC now owns 2,752 shares of the company’s stock worth $188,000 after acquiring an additional 1,704 shares during the last quarter. GP Brinson Investments LLC bought a new stake in Dutch Bros in the 2nd quarter valued at about $239,000. Strs Ohio purchased a new stake in Dutch Bros during the first quarter valued at about $669,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Dutch Bros by 1,614.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the company’s stock valued at $159,000 after purchasing an additional 2,422 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BROS has been the topic of several research reports. Melius Research raised shares of Dutch Bros to a “strong-buy” rating in a research report on Monday, July 14th. Barclays boosted their target price on shares of Dutch Bros from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Royal Bank Of Canada increased their target price on Dutch Bros from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. CICC Research assumed coverage on Dutch Bros in a research report on Monday, June 30th. They issued an “outperform” rating and a $80.00 price target for the company. Finally, UBS Group lifted their target price on Dutch Bros from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $80.06.

Check Out Our Latest Report on BROS

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 1,250,371 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $81,486,678.07. Following the transaction, the chairman owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This trade represents a 49.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the transaction, the insider directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,161,101 shares of company stock worth $207,633,882. 42.40% of the stock is owned by corporate insiders.

Dutch Bros Price Performance

BROS stock opened at $57.89 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The firm has a market cap of $9.52 billion, a P/E ratio of 123.17, a P/E/G ratio of 3.28 and a beta of 2.64. The firm’s fifty day moving average is $64.54 and its 200 day moving average is $64.94. Dutch Bros Inc. has a 52 week low of $30.49 and a 52 week high of $86.88.

Dutch Bros (NYSE:BROS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The business had revenue of $415.81 million during the quarter, compared to analyst estimates of $403.24 million. During the same period in the prior year, the business posted $0.19 earnings per share. The company’s revenue was up 28.0% on a year-over-year basis. Research analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Dutch Bros Profile

(Free Report)

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.

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