AQR Capital Management LLC Sells 84,058 Shares of Dutch Bros Inc. (NYSE:BROS)

AQR Capital Management LLC lowered its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 35.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 155,479 shares of the company's stock after selling 84,058 shares during the period. AQR Capital Management LLC owned approximately 0.10% of Dutch Bros worth $8,144,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Dutch Bros during the fourth quarter worth about $94,478,000. Clear Creek Financial Management LLC purchased a new stake in shares of Dutch Bros during the 4th quarter worth $288,000. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Dutch Bros during the 4th quarter worth approximately $304,000. Allspring Global Investments Holdings LLC grew its stake in Dutch Bros by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock valued at $49,785,000 after acquiring an additional 17,402 shares during the last quarter. Finally, Scratch Capital LLC purchased a new stake in Dutch Bros during the 4th quarter worth about $1,260,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock valued at $201,509,627 in the last quarter. 42.40% of the stock is currently owned by insiders.

Dutch Bros Trading Down 1.6 %

BROS stock traded down $1.01 during trading on Friday, reaching $63.44. The company had a trading volume of 3,007,616 shares, compared to its average volume of 3,162,434. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The business has a 50 day moving average of $61.01 and a 200 day moving average of $58.31. The company has a market cap of $9.78 billion, a P/E ratio of 186.59, a PEG ratio of 4.23 and a beta of 2.71.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. Dutch Bros's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, sell-side analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Morgan Stanley set a $80.00 target price on Dutch Bros and gave the company an "overweight" rating in a research note on Monday, April 14th. Jefferies Financial Group boosted their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, Wedbush restated an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $75.21.

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.