Graham Capital Management L.P. Grows Position in Dutch Bros Inc. $BROS

Key Points

• Graham Capital Management L.P. significantly increased its stake in Dutch Bros Inc. by 421.6% in the first quarter, owning a total of 60,965 shares valued at approximately $3.76 million.
• Insider trading activity included the sale of 482,750 shares by major shareholder Dm Individual Aggregator, Llc and 1,250,371 shares by Chairman Travis Boersma on August 22nd, indicating a substantial decrease in their positions.
• Dutch Bros recently reported a quarterly earnings of $0.26 EPS, surpassing analysts' expectations, with a 28.0% increase in revenue compared to the previous year.

Graham Capital Management L.P. lifted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 421.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,965 shares of the company's stock after buying an additional 49,277 shares during the quarter. Graham Capital Management L.P.'s holdings in Dutch Bros were worth $3,764,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BROS. Dimensional Fund Advisors LP lifted its holdings in shares of Dutch Bros by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 731,667 shares of the company's stock worth $38,325,000 after buying an additional 117,878 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Dutch Bros by 254.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,444 shares of the company's stock worth $9,557,000 after purchasing an additional 130,931 shares during the last quarter. Northern Trust Corp increased its position in Dutch Bros by 58.0% in the fourth quarter. Northern Trust Corp now owns 784,580 shares of the company's stock worth $41,096,000 after purchasing an additional 287,942 shares during the last quarter. Utah Retirement Systems bought a new stake in Dutch Bros in the fourth quarter worth $309,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Dutch Bros in the fourth quarter worth $280,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 1,250,371 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This represents a 49.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. 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. Company insiders own 42.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Bank of America boosted their price target 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. The Goldman Sachs Group assumed coverage on shares of Dutch Bros in a research report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 price target on the stock. CICC Research assumed coverage on shares of Dutch Bros in a research report on Monday, June 30th. They issued an "outperform" rating and a $80.00 price target on the stock. Royal Bank Of Canada boosted their price target on shares of Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, Piper Sandler reduced their price target 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 research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Dutch Bros has an average rating of "Buy" and a consensus price target of $80.06.

Dutch Bros Trading Down 7.6%

Shares of NYSE BROS traded down $5.40 during mid-day trading on Friday, reaching $66.03. The company had a trading volume of 6,113,917 shares, compared to its average volume of 3,225,748. The business's 50-day moving average is $65.19 and its 200-day moving average is $65.88. 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 $10.86 billion, a price-to-earnings ratio of 140.49, a price-to-earnings-growth ratio of 4.03 and a beta of 2.64. Dutch Bros Inc. has a 52 week low of $30.49 and a 52 week high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. The firm had revenue of $415.81 million for the quarter, compared to analysts' expectations of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The business's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Equities analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Dutch Bros Profile

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.