Joho Capital LLC Has $61.48 Million Position in Dutch Bros Inc. (NYSE:BROS)

Joho Capital LLC boosted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 40.7% during the third quarter, according to the company in its most recent 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 makes up approximately 9.7% of Joho Capital LLC’s holdings, making the stock its 4th biggest holding. Joho Capital LLC’s holdings in Dutch Bros were worth $61,482,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI bought a new position in Dutch Bros in the second quarter valued at about $27,000. Jamison Private Wealth Management Inc. grew its position in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management raised its stake in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the last quarter. Quest Partners LLC lifted its holdings in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares during the period. Finally, nVerses Capital LLC bought a new position in Dutch Bros in the third quarter valued at approximately $38,000. 85.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BROS shares. Barclays raised their price target 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. increased their price target on shares of Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. UBS Group upped their target price on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Piper Sandler upped their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus target price of $47.30.

Dutch Bros Stock Performance

BROS opened at $53.15 on Friday. 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 company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 183.28, a P/E/G ratio of 3.91 and a beta of 2.47. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $53.29. The business’s 50-day moving average price is $38.70 and its two-hundred day moving average price is $37.15.

Dutch Bros (NYSE:BROS) last released 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 return on equity of 5.48% and a net margin of 2.54%. The firm had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The business’s revenue was up 27.9% on a year-over-year basis. Equities analysts expect that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the sale, the insider now owns 712,819 shares of the company’s stock, valued at approximately $22,810,208. This represents a 0.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the transaction, the insider now directly owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,065,467 shares of company stock valued at $35,434,372. Corporate 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.