Dutch Bros Inc. (NYSE:BROS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Dutch Bros Inc. (NYSE:BROS) by 11,342.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 50,689 shares of the company’s stock after buying an additional 50,246 shares during the period. GAMMA Investing LLC’s holdings in Dutch Bros were worth $3,130,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BROS. AdvisorNet Financial Inc purchased a new stake in Dutch Bros during the 1st quarter valued at approximately $31,000. CWC Advisors LLC. purchased a new stake in shares of Dutch Bros during the fourth quarter worth approximately $307,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Dutch Bros during the fourth quarter worth $267,000. Copia Wealth Management acquired a new stake in shares of Dutch Bros during the fourth quarter worth $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Dutch Bros in the 4th quarter valued at $5,700,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS opened at $71.62 on Thursday. Dutch Bros Inc. has a 12-month low of $26.96 and a 12-month high of $86.88. The stock has a market cap of $11.78 billion, a P/E ratio of 210.64, a PEG ratio of 4.23 and a beta of 2.73. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $64.40 and a two-hundred day moving average of $62.72.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. As a group, research analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the sale, the insider now owns 2,373,933 shares in the company, valued at $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $48,300,235.62. Following the completion of the sale, the chairman now directly owns 1,940,245 shares of the company’s stock, valued at approximately $129,647,170.90. This represents a 27.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Securities restated a “buy” rating and set a $78.00 price objective on shares of Dutch Bros in a research report on Thursday, May 8th. Royal Bank of Canada began coverage on shares of Dutch Bros in a research report on Wednesday, May 14th. They issued an “outperform” rating and a $83.00 price objective for the company. Stifel Nicolaus lowered their price objective on Dutch Bros from $85.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Barclays increased their target price on Dutch Bros from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, Guggenheim raised their price target on Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 31st. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $75.73.

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.