Dutch Bros Inc. $BROS Shares Sold by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. decreased its holdings in Dutch Bros Inc. by 32.2% in Q1, selling 6,761 shares and now owning 14,214 shares valued at $878,000.
• Several institutional investors have recently modified their positions in Dutch Bros, leading to an ownership of 85.54% of the company's stock by such entities.
• Despite a decrease in its stock price, Dutch Bros reported a quarterly earnings per share of $0.26, exceeding estimates and showing a 28.0% year-over-year revenue growth.

Fox Run Management L.L.C. decreased its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 32.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,214 shares of the company's stock after selling 6,761 shares during the quarter. Fox Run Management L.L.C.'s holdings in Dutch Bros were worth $878,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. D. E. Shaw & Co. Inc. increased its holdings in Dutch Bros by 14.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after buying an additional 627,875 shares during the period. Lord Abbett & CO. LLC lifted its position in Dutch Bros by 120.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,082,414 shares of the company's stock valued at $66,828,000 after purchasing an additional 591,657 shares during the period. Bank of Nova Scotia grew its holdings in Dutch Bros by 751.0% during the 1st quarter. Bank of Nova Scotia now owns 625,036 shares of the company's stock worth $38,589,000 after acquiring an additional 551,587 shares during the period. Deutsche Bank AG increased its stake in shares of Dutch Bros by 8,912.8% in the 4th quarter. Deutsche Bank AG now owns 546,268 shares of the company's stock valued at $28,614,000 after acquiring an additional 540,207 shares during the last quarter. Finally, Barclays PLC increased its stake in Dutch Bros by 699.4% during the 4th quarter. Barclays PLC now owns 429,693 shares of the company's stock worth $22,507,000 after purchasing an additional 375,943 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 722,841 shares of the stock in a transaction dated 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 completion of the sale, the chairman owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $10,641,352.28. Following the completion of the sale, the insider directly owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,541,845 shares of company stock worth $102,452,100. Corporate insiders own 42.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BROS shares. UBS Group decreased their price target on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, May 5th. TD Securities reissued a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. Melius Research raised shares of Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group began coverage on shares of Dutch Bros in a research report on Thursday, June 26th. They set a "neutral" rating and a $75.00 price objective for the company. Finally, Guggenheim boosted their target price on Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $79.76.

Dutch Bros Price Performance

BROS stock traded down $1.6660 during mid-day trading on Tuesday, reaching $63.7340. 2,208,765 shares of the company traded hands, compared to its average volume of 3,207,916. The company has a market capitalization of $10.49 billion, a P/E ratio of 135.61, a P/E/G ratio of 3.54 and a beta of 2.63. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The company has a fifty day moving average price of $65.18 and a 200-day moving average price of $65.86. Dutch Bros Inc. has a 52-week low of $30.30 and a 52-week high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm had revenue of $415.81 million during the quarter, compared to the consensus estimate of $403.24 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The business's revenue was up 28.0% on a year-over-year basis. As a group, analysts anticipate 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.