Joho Capital LLC Purchases 555,000 Shares of Dutch Bros Inc. (NYSE:BROS)

Joho Capital LLC raised its holdings in Dutch Bros Inc. (NYSE:BROS) by 40.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,919,514 shares of the company’s stock after acquiring an additional 555,000 shares during the quarter. Dutch Bros comprises approximately 9.7% of Joho Capital LLC’s holdings, making the stock its 4th largest position. Joho Capital LLC owned about 1.24% of Dutch Bros worth $61,482,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BROS. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros during the 3rd quarter valued at about $224,461,000. Dynamic Technology Lab Private Ltd acquired a new position in Dutch Bros during the third quarter valued at approximately $1,786,000. Oppenheimer Asset Management Inc. bought a new position in shares of Dutch Bros in the third quarter valued at approximately $1,207,000. 1832 Asset Management L.P. acquired a new stake in shares of Dutch Bros in the second quarter worth $4,339,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Dutch Bros during the 1st quarter worth $2,072,000. 85.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BROS. Wedbush boosted their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, UBS Group raised their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $47.30.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 285,462 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the sale, the chairman now owns 9,817 shares in the company, valued at approximately $327,691.46. The trade was a 96.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.39, for a total transaction of $6,038,079.02. Following the sale, the insider now owns 512,300 shares of the company’s stock, valued at $16,593,397. This trade represents a 26.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,065,467 shares of company stock valued at $35,434,372. 46.50% of the stock is currently owned by corporate insiders.

Dutch Bros Stock Up 0.3 %

Shares of BROS stock opened at $53.15 on Friday. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $53.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock has a fifty day moving average price of $38.70 and a 200 day moving average price of $37.15. The stock has a market cap of $8.20 billion, a P/E ratio of 183.28, a price-to-earnings-growth ratio of 3.91 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. Analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

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.