Magnetar Financial LLC Makes New Investment in Dutch Bros Inc. $BROS

Key Points

• Magnetar Financial LLC purchased 81,551 shares of Dutch Bros Inc., valued at approximately $5.03 million, representing a 0.05% ownership stake as of its latest SEC filing.
• Recent insider transactions included significant sales, with a major shareholder offloading 482,750 shares for about $31.46 million and the chairman selling 787,681 shares valued at $54.30 million.
• Despite a 3.1% decline in stock price, analysts remain optimistic, with several raising their target prices, resulting in an average target of $80.06 for Dutch Bros.

Magnetar Financial LLC bought a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 81,551 shares of the company's stock, valued at approximately $5,035,000. Magnetar Financial LLC owned about 0.05% of Dutch Bros at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new position in Dutch Bros during the first quarter worth $31,000. Cullen Frost Bankers Inc. acquired a new position in Dutch Bros during the first quarter worth $31,000. Gould Capital LLC increased its position in Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after buying an additional 140 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in Dutch Bros during the fourth quarter worth $43,000. Finally, GAMMA Investing LLC increased its position in Dutch Bros by 85.3% during the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after buying an additional 378 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

Shares of NYSE BROS traded down $1.26 during mid-day trading on Wednesday, hitting $71.72. The company had a trading volume of 1,446,875 shares, compared to its average volume of 3,207,621. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The business's 50-day simple moving average is $65.05 and its 200-day simple moving average is $65.91. Dutch Bros Inc. has a 12 month low of $30.45 and a 12 month high of $86.88. The firm has a market cap of $11.80 billion, a P/E ratio of 152.60, a PEG ratio of 4.03 and a beta of 2.64.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. The firm had revenue of $415.81 million during the quarter, compared to analysts' expectations of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The company's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. As a group, analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BROS has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Piper Sandler lowered their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group initiated coverage on Dutch Bros in a research report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 price target on the stock. Barclays raised their price target on Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $86.00 price target on shares of Dutch Bros in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $80.06.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 1,250,371 shares of Dutch Bros stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $81,486,678.07. Following the completion of the transaction, the chairman owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. The trade was a 49.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction that occurred 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 transaction, the insider owned 1,279,144 shares of the company's stock, valued at $83,361,814.48. This trade represents a 27.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock valued at $207,633,882 in the last quarter. 42.40% of the stock is currently owned by corporate insiders.

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.