Hexagon Capital Partners LLC Decreases Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Hexagon Capital Partners LLC reduced its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 50.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,010 shares of the company's stock after selling 5,010 shares during the quarter. Hexagon Capital Partners LLC's holdings in Dutch Bros were worth $309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Coppell Advisory Solutions LLC raised its position in shares of Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after buying an additional 447 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Dutch Bros during the 1st quarter valued at $31,000. Bernard Wealth Management Corp. purchased a new stake in shares of Dutch Bros during the 4th quarter valued at $43,000. Gould Capital LLC grew its holdings in shares of Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after purchasing an additional 140 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after purchasing an additional 378 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Up 1.6%

Dutch Bros stock traded up $1.08 during trading hours on Friday, hitting $67.13. The stock had a trading volume of 1,485,532 shares, compared to its average volume of 3,119,789. 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 stock has a market capitalization of $11.04 billion, a P/E ratio of 172.12, a price-to-earnings-growth ratio of 4.02 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 stock's 50-day moving average price is $68.03 and its 200-day moving average price is $64.60.

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

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $48,300,235.62. Following the completion of the transaction, the chairman directly owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the transaction, the insider directly owned 2,373,933 shares of the company's stock, valued at $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock valued at $237,721,138 over the last ninety days. Corporate insiders own 42.40% of the company's stock.

Analyst Ratings Changes

BROS has been the topic of several recent research reports. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 target price on the stock. TD Securities reissued a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a report on Thursday, May 8th. Robert W. Baird raised their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. CICC Research initiated coverage on shares of Dutch Bros in a research note on Monday, June 30th. They set an "outperform" rating and a $80.00 target price on the stock. Finally, Guggenheim lifted their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $75.94.

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.