Centiva Capital LP Invests $295,000 in Dutch Bros Inc. (NYSE:BROS)

Centiva Capital LP purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,629 shares of the company's stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BROS. FIL Ltd acquired a new position in Dutch Bros during the 4th quarter worth about $176,298,000. FMR LLC lifted its stake in shares of Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock worth $341,333,000 after acquiring an additional 3,227,435 shares during the period. Raymond James Financial Inc. bought a new stake in Dutch Bros in the fourth quarter valued at approximately $94,478,000. Concurrent Investment Advisors LLC increased its position in Dutch Bros by 317.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock valued at $53,878,000 after purchasing an additional 782,164 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in Dutch Bros during the 4th quarter worth approximately $25,706,000. 85.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BROS has been the topic of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. Piper Sandler cut their price target on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Guggenheim raised their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, Morgan Stanley set a $80.00 target price on Dutch Bros and gave the stock an "overweight" rating in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Dutch Bros currently has a consensus rating of "Buy" and a consensus price target of $75.73.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the transaction, the chairman now directly owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This represents a 16.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 42.40% of the stock is owned by insiders.

Dutch Bros Stock Up 3.1%

Dutch Bros stock traded up $2.23 during trading on Friday, hitting $73.86. 5,241,466 shares of the company were exchanged, compared to its average volume of 3,146,812. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $11.39 billion, a P/E ratio of 217.23, a PEG ratio of 4.23 and a beta of 2.71. The business's 50 day moving average is $61.53 and its 200 day moving average is $59.12.

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 the consensus estimate of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The firm had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. During the same quarter last year, the business posted $0.09 EPS. The company's revenue for the quarter was up 28.7% on a year-over-year basis. Analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

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.