Lisanti Capital Growth LLC Invests $758,000 in Dutch Bros Inc. (NYSE:BROS)

Lisanti Capital Growth LLC acquired a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,275 shares of the company's stock, valued at approximately $758,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BROS. Gould Capital LLC boosted its position in shares of Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after purchasing an additional 140 shares in the last quarter. Copia Wealth Management lifted its position in Dutch Bros by 14.7% during the first quarter. Copia Wealth Management now owns 1,595 shares of the company's stock valued at $98,000 after buying an additional 205 shares during the period. Amalgamated Bank boosted its holdings in shares of Dutch Bros by 3.6% during the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company's stock valued at $328,000 after buying an additional 220 shares in the last quarter. Arizona State Retirement System grew its position in shares of Dutch Bros by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock worth $1,730,000 after buying an additional 260 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of Dutch Bros by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock worth $2,517,000 after buying an additional 310 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 722,841 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the completion of the sale, the chairman directly owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the sale, the insider directly owned 2,373,933 shares of the company's stock, valued at approximately $170,970,654.66. This represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,465,214 shares of company stock worth $237,721,138 in the last quarter. Company insiders own 42.40% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on BROS. Royal Bank Of Canada started coverage on shares of Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price objective on the stock. Wells Fargo & Company began coverage on Dutch Bros in a research report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price objective for the company. CICC Research initiated coverage on Dutch Bros in a report on Monday. They issued an "outperform" rating and a $80.00 target price on the stock. Morgan Stanley set a $80.00 price target on Dutch Bros and gave the company an "overweight" rating in a report on Monday, April 14th. Finally, Guggenheim increased their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros has a consensus rating of "Moderate Buy" and a consensus target price of $75.94.

Dutch Bros Stock Performance

NYSE:BROS traded down $1.25 during trading hours on Tuesday, reaching $67.12. The company had a trading volume of 2,611,900 shares, compared to its average volume of 3,117,046. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 172.11, a PEG ratio of 4.09 and a beta of 2.65. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80. The firm's 50 day moving average price is $67.75 and its 200-day moving average price is $64.31. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. Dutch Bros's revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. On average, analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

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.