1832 Asset Management L.P. Reduces Holdings in Dutch Bros Inc. $BROS

1832 Asset Management L.P. lessened its position in Dutch Bros Inc. (NYSE:BROS) by 9.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,107,300 shares of the company’s stock after selling 312,900 shares during the quarter. 1832 Asset Management L.P. owned 1.89% of Dutch Bros worth $212,446,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its holdings in Dutch Bros by 27.6% during the 2nd quarter. Blair William & Co. IL now owns 228,604 shares of the company’s stock valued at $15,630,000 after buying an additional 49,501 shares in the last quarter. Joule Financial LLC bought a new position in Dutch Bros in the 2nd quarter worth about $724,000. Berkshire Capital Holdings Inc. purchased a new position in shares of Dutch Bros during the first quarter worth approximately $6,438,000. Jump Financial LLC raised its stake in shares of Dutch Bros by 47.3% during the first quarter. Jump Financial LLC now owns 223,771 shares of the company’s stock valued at $13,816,000 after acquiring an additional 71,834 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new stake in shares of Dutch Bros in the second quarter valued at approximately $850,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Trading Down 0.8%

Shares of Dutch Bros stock opened at $58.90 on Wednesday. The stock has a market cap of $9.69 billion, a PE ratio of 117.80, a price-to-earnings-growth ratio of 3.06 and a beta of 2.55. The firm has a fifty day moving average price of $54.40 and a 200 day moving average price of $62.03. Dutch Bros Inc. has a 1 year low of $47.16 and a 1 year high of $86.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.32.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $423.58 million for the quarter, compared to analysts’ expectations of $414.81 million. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The business’s revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. Equities research analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on BROS shares. Guggenheim raised their price target on Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Wells Fargo & Company cut their target price on shares of Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. TD Cowen restated a “buy” rating and issued a $70.00 price target on shares of Dutch Bros in a report on Monday. Bank of America upped their price target on shares of Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada cut their price objective on shares of Dutch Bros from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus target price of $75.83.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the transaction, the insider directly owned 9,817 shares in the company, valued at approximately $544,254.48. The trade was a 98.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 1,678,616 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $93,062,471.04. Following the transaction, the chairman owned 9,817 shares in the company, valued at approximately $544,254.48. This represents a 99.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,465,214 shares of company stock valued at $189,800,291. Insiders own 42.40% of the company’s stock.

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.