Squarepoint Ops LLC Has $8.20 Million Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Squarepoint Ops LLC raised its stake in Dutch Bros Inc. (NYSE:BROS) by 17.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,170 shares of the company’s stock after purchasing an additional 29,259 shares during the period. Squarepoint Ops LLC owned 0.11% of Dutch Bros worth $8,204,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Dutch Bros by 35.0% during the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after buying an additional 1,661,778 shares during the period. Marshall Wace LLP raised its position in shares of Dutch Bros by 15.4% during the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after purchasing an additional 527,716 shares during the period. Davidson Kempner Capital Management LP lifted its holdings in shares of Dutch Bros by 43.5% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock worth $65,626,000 after purchasing an additional 480,153 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Dutch Bros in the 2nd quarter worth $57,435,000. Finally, Joho Capital LLC grew its position in Dutch Bros by 428.9% in the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS opened at $32.46 on Friday. The stock has a 50 day moving average of $33.61 and a 200 day moving average of $34.77. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros Inc. has a 12 month low of $22.67 and a 12 month high of $43.49. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 180.34, a PEG ratio of 2.84 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. As a group, sell-side analysts forecast that Dutch Bros Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 800 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the completion of the transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Travis Boersma sold 800 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00. Following the completion of the transaction, the chairman now owns 466,828 shares in the company, valued at approximately $14,938,496. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,128,885 shares of company stock valued at $36,124,009. Company insiders own 46.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays lowered their price objective on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Wedbush reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research report on Thursday, August 8th. Piper Sandler lowered Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $41.00 to $36.00 in a report on Monday, August 19th. Robert W. Baird lowered their price objective on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.73.

Dutch Bros Company 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.