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EntryPoint Capital LLC Decreases Holdings in Dutch Bros Inc. $BROS

Dutch Bros logo with Retail/Wholesale background

Key Points

  • EntryPoint Capital LLC reduced its stake in Dutch Bros Inc. by 57.9%, selling 5,672 shares, leading to a remaining ownership of 4,132 shares worth approximately $255,000.
  • Analysts have a consensus rating of "Buy" for Dutch Bros, with price targets ranging from $72.00 to $84.00, indicating positive market sentiment.
  • Dutch Bros reported $0.26 EPS for the latest quarter, exceeding expectations and reflecting a 28.0% increase in revenue compared to the previous year.
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EntryPoint Capital LLC trimmed its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 57.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,132 shares of the company's stock after selling 5,672 shares during the period. EntryPoint Capital LLC's holdings in Dutch Bros were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Coppell Advisory Solutions LLC raised its position in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after buying an additional 447 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros in the first quarter valued at about $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros in the first quarter valued at about $31,000. Gould Capital LLC raised its position in shares of Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after buying an additional 140 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the fourth quarter valued at about $43,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on BROS. TD Securities restated a "buy" rating and set a $78.00 price objective on shares of Dutch Bros in a research report on Thursday, May 8th. Piper Sandler cut their price objective on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. UBS Group cut their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Robert W. Baird raised their price objective on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, CICC Research began coverage on shares of Dutch Bros in a research report on Monday, June 30th. They set an "outperform" rating and a $80.00 price objective for the company. Two 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 data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $79.76.

Get Our Latest Research Report on BROS

Dutch Bros Stock Up 1.4%

Shares of NYSE BROS traded up $0.98 during midday trading on Wednesday, hitting $73.25. The company's stock had a trading volume of 3,286,907 shares, compared to its average volume of 3,221,500. The business's fifty day simple moving average is $64.70 and its two-hundred day simple moving average is $65.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. Dutch Bros Inc. has a 1 year low of $30.30 and a 1 year high of $86.88. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 155.86, a price-to-earnings-growth ratio of 3.91 and a beta of 2.63.

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

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros 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 completion of the sale, the insider directly owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 787,681 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the transaction, the chairman owned 975,031 shares of the company's stock, valued at approximately $67,218,637.14. The trade was a 44.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,161,101 shares of company stock worth $207,633,882. 42.40% of the stock is owned by corporate insiders.

About Dutch Bros

(Free Report)

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.

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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