Dm Individual Aggregator, Llc Sells 28,710 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total transaction of $919,294.20. Following the transaction, the insider now owns 432,518 shares of the company’s stock, valued at $13,849,226.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Monday, August 19th, Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00.

Dutch Bros Stock Performance

NYSE:BROS opened at $30.33 on Friday. The company’s 50-day moving average is $36.95 and its two-hundred day moving average is $34.15. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year high of $43.49. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 168.50, a PEG ratio of 4.71 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. Analysts forecast that Dutch Bros Inc. will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BROS shares. Wedbush reiterated an “outperform” rating and issued a $45.00 price objective on shares of Dutch Bros in a report on Thursday, August 8th. UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Thursday, August 15th. Barclays decreased their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus dropped their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Bank of America raised their price target on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and an average price target of $39.73.

Hedge Funds Weigh In On Dutch Bros

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised 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 valued at $211,604,000 after buying an additional 1,661,778 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Dutch Bros in the 2nd quarter valued at approximately $57,435,000. Wasatch Advisors LP acquired a new position in shares of Dutch Bros in the 1st quarter worth approximately $41,988,000. Concurrent Investment Advisors LLC boosted its position in shares of Dutch Bros by 846.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after purchasing an additional 1,109,370 shares during the period. Finally, Joho Capital LLC increased its holdings in Dutch Bros by 428.9% in the 1st 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 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.