Crestline Management LP Makes New $430,000 Investment in Dutch Bros Inc. (NYSE:BROS)

Crestline Management LP bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,200 shares of the company's stock, valued at approximately $430,000.

Several other large investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Dutch Bros during the 4th quarter valued at $25,000. Coppell Advisory Solutions LLC boosted its holdings in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares in the last quarter. Fortitude Family Office LLC bought a new stake in Dutch Bros in the fourth quarter worth $41,000. Bernard Wealth Management Corp. bought a new stake in Dutch Bros in the fourth quarter worth $43,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Dutch Bros in the third quarter worth $50,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

Dutch Bros stock traded up $1.39 on Wednesday, hitting $71.62. The company's stock had a trading volume of 2,168,781 shares, compared to its average volume of 3,148,564. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The firm has a market cap of $11.04 billion, a P/E ratio of 210.65, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average price of $61.26 and a 200-day moving average price of $58.88.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BROS shares. Wells Fargo & Company started coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective for the company. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an "overweight" rating in a report on Monday, April 14th. Stifel Nicolaus decreased their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. TD Securities reiterated a "buy" rating and issued a $78.00 price objective on shares of Dutch Bros in a report on Thursday, May 8th. Finally, Jefferies Financial Group boosted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Dutch Bros presently has an average rating of "Buy" and an average price target of $75.73.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the sale, the chairman now owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the sale, the insider now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Corporate insiders own 42.40% 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.