Aperture Investors LLC Has $18.27 Million Position in Dutch Bros Inc. $BROS

Aperture Investors LLC decreased its position in Dutch Bros Inc. (NYSE:BROS) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 267,156 shares of the company’s stock after selling 24,760 shares during the quarter. Dutch Bros comprises 2.4% of Aperture Investors LLC’s investment portfolio, making the stock its 19th largest holding. Aperture Investors LLC owned 0.16% of Dutch Bros worth $18,265,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Blair William & Co. IL increased its position in Dutch Bros by 27.6% during the second quarter. Blair William & Co. IL now owns 228,604 shares of the company’s stock worth $15,630,000 after acquiring an additional 49,501 shares during the period. Joule Financial LLC bought a new stake in Dutch Bros in the second quarter valued at about $724,000. Berkshire Capital Holdings Inc. bought a new position in Dutch Bros during the first quarter worth about $6,438,000. Jump Financial LLC boosted its holdings in 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 purchasing an additional 71,834 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of Dutch Bros in the 2nd quarter valued at approximately $850,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 1,678,616 shares of Dutch Bros stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the completion of the sale, the chairman owned 9,817 shares in the company, valued at $544,254.48. The trade was a 99.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 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 transaction of $35,930,054.16. Following the sale, the insider directly owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. This trade represents a 98.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,465,214 shares of company stock valued at $189,800,291. Corporate insiders own 42.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank Of Canada increased their price objective on Dutch Bros from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. UBS Group reissued a “buy” rating and set a $85.00 price target on shares of Dutch Bros in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research note on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Dutch Bros in a report on Monday, December 1st. Finally, Barclays boosted their target price on Dutch Bros from $65.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.67.

Dutch Bros Stock Performance

BROS stock opened at $58.92 on Wednesday. The company has a 50 day moving average price of $55.05 and a 200 day moving average price of $61.73. Dutch Bros Inc. has a fifty-two week low of $47.16 and a fifty-two week 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. The stock has a market capitalization of $9.69 billion, a PE ratio of 117.84, a price-to-earnings-growth ratio of 2.99 and a beta of 2.55.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $423.58 million for the quarter, compared to analyst estimates of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. Analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

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.