Two Sigma Investments LP Acquires 105,484 Shares of Dutch Bros Inc. (NYSE:BROS)

Two Sigma Investments LP boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 55.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 294,232 shares of the company's stock after purchasing an additional 105,484 shares during the quarter. Two Sigma Investments LP owned about 0.19% of Dutch Bros worth $15,412,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BROS. Harbor Investment Advisory LLC bought a new stake in Dutch Bros during the 4th quarter valued at approximately $60,000. SG Americas Securities LLC bought a new stake in Dutch Bros during the 4th quarter valued at approximately $2,681,000. Janney Montgomery Scott LLC boosted its stake in Dutch Bros by 68.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 36,688 shares of the company's stock valued at $1,922,000 after purchasing an additional 14,970 shares during the period. Moody Lynn & Lieberson LLC bought a new stake in Dutch Bros during the 4th quarter valued at approximately $281,000. Finally, KBC Group NV boosted its stake in Dutch Bros by 46.8% during the 4th quarter. KBC Group NV now owns 4,440 shares of the company's stock valued at $233,000 after purchasing an additional 1,415 shares during the period. Institutional investors own 85.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BROS. Wells Fargo & Company began coverage on Dutch Bros in a report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target for the company. Royal Bank of Canada began coverage on Dutch Bros in a report on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price target for the company. JPMorgan Chase & Co. upped their price target on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Guggenheim upped their price target on Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. Finally, Robert W. Baird upped their price target on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $75.73.

Dutch Bros Price Performance

BROS stock traded up $0.70 during midday trading on Wednesday, reaching $70.85. 399,138 shares of the company's stock traded hands, compared to its average volume of 3,173,295. The company has a 50-day simple moving average of $62.55 and a two-hundred day simple moving average of $61.09. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 208.33, a PEG ratio of 4.23 and a beta of 2.71. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The firm had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. During the same period last year, the firm posted $0.09 EPS. The business's revenue was up 28.7% on a year-over-year basis. On average, analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 155,322 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total value of $10,599,173.28. Following the transaction, the insider now directly owns 2,218,611 shares in the company, valued at approximately $151,398,014.64. This trade represents a 6.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 704,995 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total value of $48,108,858.80. Following the completion of the transaction, the chairman now owns 2,218,611 shares in the company, valued at $151,398,014.64. The trade was a 24.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock valued at $237,721,138 in the last three months. Corporate 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.