Federated Hermes Inc. Sells 49,567 Shares of Dutch Bros Inc. (NYSE:BROS)

Federated Hermes Inc. reduced its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 555,180 shares of the company's stock after selling 49,567 shares during the period. Federated Hermes Inc. owned 0.36% of Dutch Bros worth $34,277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FIL Ltd bought a new stake in Dutch Bros during the fourth quarter valued at about $176,298,000. FMR LLC boosted its stake in Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the period. D. E. Shaw & Co. Inc. grew 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 last quarter. Deutsche Bank AG increased its position in Dutch Bros by 8,912.8% in the 4th quarter. Deutsche Bank AG now owns 546,268 shares of the company's stock worth $28,614,000 after buying an additional 540,207 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $25,706,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the sale, the chairman owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This represents a 27.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the sale, the insider 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 position. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock worth $237,721,138 in the last 90 days. Company insiders own 42.40% of the company's stock.

Dutch Bros Price Performance

NYSE:BROS opened at $60.12 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.95 and a debt-to-equity ratio of 0.80. The firm has a market cap of $9.89 billion, a PE ratio of 154.16, a price-to-earnings-growth ratio of 3.23 and a beta of 2.65. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The company's 50-day moving average price is $67.26 and its two-hundred day moving average price is $65.54.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The business had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. During the same period in the previous year, the business earned $0.09 EPS. Dutch Bros's revenue was up 28.7% compared to the same quarter last year. On average, equities analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BROS. Piper Sandler lowered their price objective on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley set a $80.00 price target on shares of Dutch Bros and gave the company an "overweight" rating in a report on Monday, April 14th. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a report on Monday, July 14th. The Goldman Sachs Group started 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, Robert W. Baird lifted their target price on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and an average price target of $76.06.

Dutch Bros Company 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.

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