Castleark Management LLC Takes $5.27 Million Position in Dutch Bros Inc. (NYSE:BROS)

Castleark Management LLC bought a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 100,560 shares of the company's stock, valued at approximately $5,267,000. Castleark Management LLC owned about 0.07% of Dutch Bros as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Dutch Bros by 33.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,391 shares of the company's stock worth $14,844,000 after buying an additional 70,557 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in shares of Dutch Bros during the fourth quarter worth approximately $2,983,000. Two Sigma Investments LP grew its position in shares of Dutch Bros by 55.9% in the fourth quarter. Two Sigma Investments LP now owns 294,232 shares of the company's stock valued at $15,412,000 after purchasing an additional 105,484 shares during the last quarter. State of Wyoming bought a new position in shares of Dutch Bros during the fourth quarter worth approximately $196,000. Finally, Point72 Hong Kong Ltd lifted its holdings in Dutch Bros by 2,203.9% during the 4th quarter. Point72 Hong Kong Ltd now owns 26,195 shares of the company's stock worth $1,372,000 after purchasing an additional 25,058 shares during the last quarter. Institutional investors own 85.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Securities reiterated a "buy" rating and set a $78.00 price objective on shares of Dutch Bros in a research report on Thursday, May 8th. Stifel Nicolaus dropped their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Robert W. Baird increased their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada assumed coverage on Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Dutch Bros has an average rating of "Buy" and an average price target of $75.73.

Dutch Bros Stock Performance

NYSE BROS opened at $64.89 on Thursday. The firm's fifty day moving average price is $62.20 and its two-hundred day moving average price is $60.11. The stock has a market cap of $10.01 billion, a PE ratio of 190.86, a PEG ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $355.15 million for the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. Dutch Bros's quarterly 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 EPS. On average, equities analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 155,322 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total transaction of $10,599,173.28. Following the completion of the transaction, the insider now directly owns 2,218,611 shares of the company's stock, valued at $151,398,014.64. This trade represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 20.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,567,001 shares of company stock worth $336,778,664. 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.

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