Gotham Asset Management LLC Takes $485,000 Position in Dutch Bros Inc. (NYSE:BROS)

Gotham Asset Management LLC bought a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,264 shares of the company's stock, valued at approximately $485,000.

A number of other hedge funds have also made changes to their positions in BROS. My Legacy Advisors LLC purchased a new position in shares of Dutch Bros in the 4th quarter valued at $233,000. Harbor Investment Advisory LLC purchased a new position in shares of Dutch Bros in the 4th quarter valued at $60,000. SG Americas Securities LLC purchased a new position in shares of Dutch Bros in the 4th quarter valued at $2,681,000. Janney Montgomery Scott LLC increased its stake in Dutch Bros by 68.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 36,688 shares of the company's stock worth $1,922,000 after buying an additional 14,970 shares during the period. Finally, Moody Lynn & Lieberson LLC purchased a new stake in Dutch Bros during the 4th quarter worth $281,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Dutch Bros Trading Down 2.6%

NYSE BROS opened at $71.83 on Tuesday. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The company has a 50-day simple moving average of $62.00 and a 200-day simple moving average of $60.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The firm has a market capitalization of $11.08 billion, a PE ratio of 211.27, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BROS shares. Bank of America lifted their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Robert W. Baird lifted their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Morgan Stanley set a $80.00 price target on shares of Dutch Bros and gave the stock an "overweight" rating in a research note on Monday, April 14th. Wedbush reaffirmed an "outperform" rating and set a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Finally, Stifel Nicolaus dropped their price target on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $75.73.

Insider Activity

In other news, Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the completion of the transaction, the chairman now directly owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. The trade was a 16.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. The trade was a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 42.40% of the company's stock.

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.

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