Ghisallo Capital Management LLC Acquires New Shares in Dutch Bros Inc. (NYSE:BROS)

Ghisallo Capital Management LLC purchased a new position in Dutch Bros Inc. (NYSE:BROS) in the second quarter, Holdings Channel.com reports. The firm purchased 150,000 shares of the company’s stock, valued at approximately $6,210,000.

A number of other hedge funds have also added to or reduced their stakes in BROS. Transcendent Capital Group LLC bought a new stake in shares of Dutch Bros in the first quarter worth $26,000. Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros during the 2nd quarter valued at about $27,000. Quest Partners LLC lifted its stake in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the period. Abound Wealth Management purchased a new position in shares of Dutch Bros in the second quarter worth approximately $39,000. Finally, Quarry LP bought a new stake in Dutch Bros during the second quarter valued at approximately $43,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 800 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00. Following the sale, the chairman now owns 466,828 shares in the company, valued at approximately $14,938,496. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the transaction, the chairman now directly owns 466,828 shares in the company, valued at approximately $14,938,496. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total value of $156,446.00. Following the sale, the insider now directly owns 507,700 shares of the company’s stock, valued at $17,266,877. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,885 shares of company stock worth $36,124,009 over the last ninety days. Company insiders own 46.50% of the company’s stock.

Dutch Bros Trading Up 0.4 %

Shares of BROS stock opened at $32.16 on Wednesday. The stock’s 50-day moving average price is $33.46 and its 200-day moving average price is $34.77. Dutch Bros Inc. has a 12-month low of $22.85 and a 12-month high of $43.49. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 178.64, a price-to-earnings-growth ratio of 2.84 and a beta of 2.49. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. During the same period last year, the company posted $0.07 EPS. The business’s revenue was up 30.0% on a year-over-year basis. Equities research analysts predict that Dutch Bros Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on BROS shares. Wedbush reiterated an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research report on Thursday, August 8th. Barclays cut their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Stifel Nicolaus lowered their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Bank of America increased their target price on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Robert W. Baird dropped their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus price target of $39.73.

Dutch Bros 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.