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Blueshift Asset Management LLC Cuts Position in Dutch Bros Inc. (NYSE:BROS)

Dutch Bros logo with Retail/Wholesale background

Key Points

  • Blueshift Asset Management LLC has significantly reduced its stake in Dutch Bros Inc., selling 43,807 shares and reducing its holdings by 83.3% to 8,791 shares, leaving the value at approximately $543,000.
  • Major investors are actively adjusting their positions in Dutch Bros, with FIL Ltd purchasing a new stake valued at $176 million and FMR LLC increasing their holding by 98.1% during the 4th quarter.
  • Analyst ratings for Dutch Bros suggest strong investor confidence, with the majority recommending a "buy" rating and a consensus target price of approximately $76.06.
  • MarketBeat previews the top five stocks to own by September 1st.

Blueshift Asset Management LLC reduced its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 83.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,791 shares of the company's stock after selling 43,807 shares during the quarter. Blueshift Asset Management LLC's holdings in Dutch Bros were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC increased its holdings in Dutch Bros by 638.6% during the 4th 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. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros during the 1st quarter worth $31,000. Cullen Frost Bankers Inc. bought a new position in Dutch Bros in the first quarter valued at approximately $31,000. Bernard Wealth Management Corp. acquired a new stake in Dutch Bros in the fourth quarter valued at about $43,000. Finally, Gould Capital LLC lifted its stake in Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after purchasing an additional 140 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Price Performance

BROS traded up $1.86 during trading on Monday, reaching $58.57. 3,636,417 shares of the stock were exchanged, compared to its average volume of 2,416,567. The business's 50 day moving average price is $66.57 and its two-hundred day moving average price is $65.58. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 150.18, a P/E/G ratio of 3.14 and a beta of 2.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. Dutch Bros Inc. has a 1 year low of $26.96 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The business had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The company's quarterly revenue was up 28.7% on a year-over-year basis. As a group, equities research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on BROS shares. Royal Bank Of Canada initiated coverage on Dutch Bros in a report on Wednesday, May 14th. They set an "outperform" rating and a $83.00 target price on the stock. TD Securities restated a "buy" rating and set a $78.00 price target on shares of Dutch Bros in a report on Thursday, May 8th. Barclays increased their price objective on shares of Dutch Bros from $82.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. UBS Group decreased their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Piper Sandler dropped their target price 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. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Dutch Bros has an average rating of "Buy" and a consensus price target of $76.06.

Read Our Latest Stock Report on Dutch Bros

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the completion of the transaction, the chairman owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of Dutch Bros stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $10,641,352.28. Following the completion of the transaction, the insider directly owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,465,214 shares of company stock valued at $237,721,138. Insiders own 42.40% of the company's stock.

Dutch Bros Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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