Dynamic Technology Lab Private Ltd Acquires 36,697 Shares of Dutch Bros Inc. $BROS

Key Points

• Dynamic Technology Lab Private Ltd increased its position in Dutch Bros Inc. by 321.1% in the first quarter, owning 48,124 shares valued at $2.97 million.
• Dutch Bros reported earnings of $0.26 EPS for the most recent quarter, surpassing analysts' expectations and achieving a 28% increase in revenue year-over-year.
• Analysts have raised their target prices for Dutch Bros, with Guggenheim increasing its target from $72 to $76, reflecting a positive outlook for the company in the market.

Dynamic Technology Lab Private Ltd lifted its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 321.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,124 shares of the company's stock after buying an additional 36,697 shares during the period. Dutch Bros makes up approximately 0.4% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 17th largest position. Dynamic Technology Lab Private Ltd's holdings in Dutch Bros were worth $2,971,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Polar Asset Management Partners Inc. purchased a new position in Dutch Bros during the first quarter worth about $1,006,000. Integrated Wealth Concepts LLC purchased a new position in Dutch Bros in the first quarter valued at about $318,000. Banque Transatlantique SA purchased a new position in Dutch Bros in the first quarter valued at about $38,000. AQR Capital Management LLC increased its holdings in Dutch Bros by 421.1% in the first quarter. AQR Capital Management LLC now owns 810,273 shares of the company's stock valued at $48,843,000 after buying an additional 654,794 shares in the last quarter. Finally, Amundi grew its position in shares of Dutch Bros by 98.6% in the first quarter. Amundi now owns 448,944 shares of the company's stock valued at $25,545,000 after purchasing an additional 222,939 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the sale, the insider directly owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 787,681 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.94, for a total value of $54,302,728.14. Following the transaction, the chairman owned 975,031 shares in the company, valued at approximately $67,218,637.14. This trade represents a 44.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock worth $207,633,882 over the last quarter. 42.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Dutch Bros from $83.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. TD Cowen reaffirmed a "buy" rating and issued a $86.00 price target on shares of Dutch Bros in a research note on Tuesday, August 19th. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a report on Monday, July 14th. Guggenheim boosted their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, UBS Group increased their price target on shares of Dutch Bros from $80.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dutch Bros currently has an average rating of "Buy" and a consensus target price of $80.06.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded down $1.81 during trading on Friday, reaching $64.70. The company's stock had a trading volume of 1,660,258 shares, compared to its average volume of 3,230,992. The firm has a market cap of $10.64 billion, a PE ratio of 137.56, a P/E/G ratio of 3.60 and a beta of 2.64. The business's 50-day moving average price is $64.98 and its 200-day moving average price is $65.35. Dutch Bros Inc. has a 52 week low of $30.49 and a 52 week high of $86.88. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping 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 firm earned $0.19 earnings per share. The business's quarterly revenue was up 28.0% on a year-over-year basis. Equities analysts forecast 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.