Dutch Bros Inc. $BROS Shares Sold by Cwm LLC

Cwm LLC reduced its stake in Dutch Bros Inc. (NYSE:BROS) by 60.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,752 shares of the company’s stock after selling 16,359 shares during the quarter. Cwm LLC’s holdings in Dutch Bros were worth $735,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of BROS. BNP Paribas Financial Markets grew its position in shares of Dutch Bros by 1,572.2% in the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock valued at $70,661,000 after purchasing an additional 1,076,045 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of Dutch Bros by 29.9% in the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock worth $211,163,000 after acquiring an additional 788,100 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Dutch Bros by 421.1% during the 1st quarter. AQR Capital Management LLC now owns 810,273 shares of the company’s stock worth $48,843,000 after buying an additional 654,794 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Dutch Bros during the 2nd quarter worth approximately $44,380,000. Finally, Lord Abbett & CO. LLC raised its position in shares of Dutch Bros by 120.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,082,414 shares of the company’s stock worth $66,828,000 after purchasing an additional 591,657 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

Dutch Bros stock opened at $57.00 on Thursday. Dutch Bros Inc. has a 52 week low of $32.68 and a 52 week high of $86.88. The stock has a market capitalization of $9.38 billion, a P/E ratio of 121.27, a price-to-earnings-growth ratio of 3.18 and a beta of 2.55. 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 stock has a fifty day moving average of $59.97 and a 200-day moving average of $63.06.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. On average, sell-side analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. CICC Research assumed coverage on Dutch Bros in a research note on Monday, June 30th. They set an “outperform” rating and a $80.00 price target for the company. The Goldman Sachs Group decreased their price target on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. UBS Group increased their price objective on Dutch Bros from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Barclays lowered their price target on Dutch Bros from $92.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Guggenheim lifted their price objective on Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.82.

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.