Federation des caisses Desjardins du Quebec Lowers Holdings in Dutch Bros Inc. $BROS

Federation des caisses Desjardins du Quebec cut its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 32.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,840 shares of the company's stock after selling 9,170 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Dutch Bros were worth $1,164,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BROS. BNP Paribas Financial Markets increased its stake in shares of Dutch Bros by 1,572.2% in the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company's stock worth $70,661,000 after buying an additional 1,076,045 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Dutch Bros by 29.9% in the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company's stock worth $211,163,000 after buying an additional 788,100 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Dutch Bros by 120.6% in the first quarter. Lord Abbett & CO. LLC now owns 1,082,414 shares of the company's stock worth $66,828,000 after buying an additional 591,657 shares during the period. Bank of Nova Scotia increased its stake in shares of Dutch Bros by 751.0% in the first quarter. Bank of Nova Scotia now owns 625,036 shares of the company's stock worth $38,589,000 after buying an additional 551,587 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Dutch Bros by 8,912.8% in the fourth quarter. Deutsche Bank AG now owns 546,268 shares of the company's stock worth $28,614,000 after buying an additional 540,207 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Stock Down 2.7%

Shares of BROS stock traded down $1.78 during mid-day trading on Friday, reaching $64.72. 3,050,072 shares of the company's stock traded hands, compared to its average volume of 3,238,828. Dutch Bros Inc. has a 12 month low of $30.49 and a 12 month high of $86.88. The company has a market cap of $10.65 billion, a P/E ratio of 137.70, a P/E/G ratio of 3.68 and a beta of 2.64. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. The company's 50-day moving average price is $64.93 and its 200-day moving average price is $65.23.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.26 EPS 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 firm had revenue of $415.81 million for the quarter, compared to analysts' expectations of $403.24 million. During the same quarter in the previous year, the business posted $0.19 EPS. The company's quarterly revenue was up 28.0% on a year-over-year basis. On average, equities analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BROS. Barclays lifted their target price on shares of Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and issued a $84.00 target price (up from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. Guggenheim lifted their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. TD Cowen reiterated a "buy" rating and issued a $86.00 price target on shares of Dutch Bros in a report on Tuesday, August 19th. Finally, CICC Research initiated coverage on shares of Dutch Bros in a report on Monday, June 30th. They issued an "outperform" rating and a $80.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $80.06.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 787,681 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the sale, the chairman owned 975,031 shares in the company, valued at approximately $67,218,637.14. The trade was a 44.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business's stock in a transaction on Friday, August 22nd. The shares were 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 in the company, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,161,101 shares of company stock worth $207,633,882. Company insiders own 42.40% of the company's stock.

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.