Dutch Bros Inc. (NYSE:BROS) Holdings Boosted by Wasatch Advisors LP

Wasatch Advisors LP boosted its position in shares of Dutch Bros Inc. (NYSE:BROS) by 232.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,128,281 shares of the company’s stock after buying an additional 2,885,306 shares during the quarter. Wasatch Advisors LP’s holdings in Dutch Bros were worth $132,229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BROS. Arcadia Investment Management Corp MI purchased a new position in Dutch Bros during the 2nd quarter worth approximately $27,000. Jamison Private Wealth Management Inc. grew its position in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management grew its position in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares in the last quarter. Quest Partners LLC grew its position in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Dutch Bros during the 3rd quarter worth approximately $38,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00. Following the completion of the transaction, the insider now owns 712,819 shares of the company’s stock, valued at $22,810,208. The trade was a 0.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the transaction, the insider now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,065,467 shares of company stock valued at $35,434,372 in the last quarter. Insiders own 46.50% of the company’s stock.

Dutch Bros Stock Up 1.1 %

BROS stock opened at $53.76 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $54.59. The company has a fifty day simple moving average of $39.08 and a 200 day simple moving average of $37.28. The firm has a market cap of $8.29 billion, a PE ratio of 185.39, a PEG ratio of 3.91 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same quarter in the previous year, the business earned $0.08 EPS. Dutch Bros’s quarterly revenue was up 27.9% compared to the same quarter last year. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BROS shares. TD Cowen lifted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their target price on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays lifted their target price on shares of Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. UBS Group lifted their target price on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird lifted their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.30.

About Dutch Bros

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.