1832 Asset Management L.P. Acquires Shares of 104,800 Dutch Bros Inc. (NYSE:BROS)

1832 Asset Management L.P. bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 104,800 shares of the company’s stock, valued at approximately $4,339,000.

Several other hedge funds have also modified their holdings of BROS. Charles Schwab Investment Management Inc. lifted its holdings in Dutch Bros by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 296,939 shares of the company’s stock worth $9,404,000 after buying an additional 14,158 shares in the last quarter. UBS Group AG raised its position in shares of Dutch Bros by 126.4% during the fourth quarter. UBS Group AG now owns 327,142 shares of the company’s stock worth $10,361,000 after acquiring an additional 182,658 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Dutch Bros by 10.0% during the fourth quarter. D.A. Davidson & CO. now owns 14,172 shares of the company’s stock valued at $449,000 after acquiring an additional 1,294 shares during the period. Trexquant Investment LP bought a new position in Dutch Bros in the fourth quarter valued at about $1,041,000. Finally, Steward Partners Investment Advisory LLC increased its position in Dutch Bros by 9.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,316 shares of the company’s stock worth $548,000 after purchasing an additional 1,441 shares during the period. 85.54% of the stock is owned by institutional investors.

Dutch Bros Stock Performance

BROS stock opened at $33.95 on Wednesday. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year high of $43.49. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The firm has a market cap of $6.02 billion, a PE ratio of 188.61, a P/E/G ratio of 2.70 and a beta of 2.49. The business’s 50-day moving average price is $34.01 and its two-hundred day moving average price is $34.80.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm’s 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 EPS. As a group, research analysts forecast that Dutch Bros Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BROS. JPMorgan Chase & Co. upped their target price on shares of Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Robert W. Baird reduced their price objective on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Wedbush reissued an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research note on Thursday, August 8th. Finally, UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company 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. Based on data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus price target of $39.73.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the sale, the insider now owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman Travis Boersma sold 800 shares of the stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at $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 Individual Aggregator, Llc sold 167,315 shares of the 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 directly owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. The disclosure for this sale can be found here. Insiders sold 1,128,885 shares of company stock valued at $36,124,009 over the last three months. Company insiders own 46.50% of the company’s stock.

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.