Capital Fund Management S.A. lessened its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 74.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,047 shares of the company's stock after selling 157,719 shares during the period. Capital Fund Management S.A.'s holdings in Dutch Bros were worth $3,399,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Gould Capital LLC grew its holdings 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 buying an additional 140 shares in the last quarter. Hollencrest Capital Management boosted its position in shares of Dutch Bros by 21.2% in the first quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock valued at $68,000 after acquiring an additional 192 shares during the period. Copia Wealth Management grew its stake in shares of Dutch Bros by 14.7% in the first quarter. Copia Wealth Management now owns 1,595 shares of the company's stock valued at $98,000 after acquiring an additional 205 shares in the last quarter. GAMMA Investing LLC increased its position in Dutch Bros by 85.3% during the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after acquiring an additional 378 shares during the period. Finally, Coppell Advisory Solutions LLC increased its position in Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after acquiring an additional 447 shares during the period. 85.54% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the sale, the insider owned 1,279,144 shares of the company's stock, valued at $83,361,814.48. This trade represents a 27.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 787,681 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.94, for a total value of $54,302,728.14. Following the sale, the chairman owned 975,031 shares in the company, valued at $67,218,637.14. This represents a 44.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,161,101 shares of company stock worth $207,633,882. 42.40% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Bank of America increased their target price on shares of Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Stifel Nicolaus lowered their price objective on Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. CICC Research began coverage on Dutch Bros in a report on Monday, June 30th. They issued an "outperform" rating and a $80.00 price objective for the company. Piper Sandler dropped their price objective on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group initiated coverage on Dutch Bros in a report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Dutch Bros presently has an average rating of "Buy" and a consensus target price of $79.76.
Get Our Latest Research Report on Dutch Bros
Dutch Bros Price Performance
Dutch Bros stock traded up $0.98 during midday trading on Wednesday, reaching $73.25. The company's stock had a trading volume of 3,286,907 shares, compared to its average volume of 3,221,500. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The stock has a market cap of $12.05 billion, a PE ratio of 155.86, a price-to-earnings-growth ratio of 3.91 and a beta of 2.63. Dutch Bros Inc. has a 52 week low of $30.30 and a 52 week high of $86.88. The business has a 50-day moving average price of $64.70 and a 200-day moving average price of $65.88.
Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The company had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. During the same period last year, the company posted $0.19 EPS. The firm's quarterly revenue was up 28.0% compared to the same quarter last year. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.
Dutch Bros Company Profile
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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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