GAMMA Investing LLC Buys 50,246 Shares of Dutch Bros Inc. (NYSE:BROS)

GAMMA Investing LLC grew its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 11,342.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,689 shares of the company's stock after buying an additional 50,246 shares during the quarter. GAMMA Investing LLC's holdings in Dutch Bros were worth $3,130,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Empowered Funds LLC purchased a new stake in Dutch Bros in the 4th quarter valued at about $1,530,000. Kestra Private Wealth Services LLC raised its position in shares of Dutch Bros by 6.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 28,620 shares of the company's stock valued at $1,499,000 after purchasing an additional 1,697 shares in the last quarter. Equitable Trust Co. bought a new stake in shares of Dutch Bros in the 4th quarter valued at approximately $401,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Dutch Bros by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock valued at $49,785,000 after acquiring an additional 17,402 shares during the last quarter. Finally, Aljian Capital Management LLC bought a new stake in Dutch Bros in the fourth quarter valued at $277,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Wall Street Analyst Weigh In

BROS has been the subject of several research reports. UBS Group decreased their target price on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Wedbush reiterated an "outperform" rating and set a $90.00 price target on shares of Dutch Bros in a report on Monday, March 31st. TD Securities restated a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a report on Thursday, May 8th. Royal Bank of Canada initiated coverage on shares of Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 target price for the company. Finally, Barclays upped their price target on Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. One 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 MarketBeat.com, Dutch Bros presently has an average rating of "Buy" and an average price target of $75.73.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the sale, the insider now owns 2,373,933 shares in the company, valued at $170,970,654.66. This represents a 18.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the sale, the chairman now directly owns 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,465,214 shares of company stock valued at $237,721,138 in the last ninety days. 42.40% of the stock is owned by insiders.

Dutch Bros Price Performance

NYSE BROS traded down $3.39 on Friday, hitting $68.01. 4,156,534 shares of the company were exchanged, compared to its average volume of 3,174,330. The firm has a 50 day moving average of $65.08 and a two-hundred day moving average of $63.02. The company has a market cap of $11.19 billion, a P/E ratio of 200.05, a P/E/G ratio of 4.23 and a beta of 2.73. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88.

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

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.