Scientech Research LLC Reduces Holdings in Dutch Bros Inc. (NYSE:BROS)

Scientech Research LLC reduced its position in shares of Dutch Bros Inc. (NYSE:BROS) by 72.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,377 shares of the company’s stock after selling 14,330 shares during the period. Scientech Research LLC’s holdings in Dutch Bros were worth $223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after buying an additional 1,661,778 shares in the last quarter. Marshall Wace LLP increased its position in shares of Dutch Bros by 15.4% during the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after acquiring an additional 527,716 shares during the last quarter. Davidson Kempner Capital Management LP increased its position in shares of Dutch Bros by 43.5% during the second quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock worth $65,626,000 after acquiring an additional 480,153 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Dutch Bros in the second quarter worth about $57,435,000. Finally, Joho Capital LLC boosted its holdings in Dutch Bros by 428.9% in the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Trading Down 1.3 %

Dutch Bros stock opened at $32.03 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros Inc. has a 1 year low of $22.85 and a 1 year high of $43.49. The firm’s 50-day moving average is $33.46 and its 200-day moving average is $34.77. The company has a market cap of $5.68 billion, a P/E ratio of 177.94, a PEG ratio of 2.84 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, equities analysts expect that Dutch Bros Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the transaction, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman Travis Boersma sold 18,223 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.13, for a total transaction of $621,950.99. Following the completion of the transaction, the chairman now directly owns 263,954 shares in the company, valued at $9,008,750.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. The disclosure for this sale can be found here. Insiders sold 1,128,885 shares of company stock worth $36,124,009 in the last 90 days. 46.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Piper Sandler downgraded Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $41.00 to $36.00 in a report on Monday, August 19th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Stifel Nicolaus reduced their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Finally, UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dutch Bros currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.73.

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.