Next Century Growth Investors LLC Decreases Position in Dutch Bros Inc. $BROS

Key Points

• Next Century Growth Investors LLC has reduced its stake in Dutch Bros Inc. by 30.6%, now owning approximately 185,486 shares valued at $11.45 million.
• Several hedge funds increased their positions in Dutch Bros, with Price T Rowe Associates raising its holdings by 254.2% and Dimensional Fund Advisors increasing theirs by 19.2% in the recent quarter.
• Dutch Bros reported a quarterly EPS of $0.26, exceeding analysts' estimates of $0.18, and achieved a revenue increase of 28.0% year-over-year.

Next Century Growth Investors LLC lowered its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 30.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,486 shares of the company's stock after selling 81,823 shares during the period. Next Century Growth Investors LLC owned about 0.12% of Dutch Bros worth $11,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros during the 1st quarter worth about $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros during the 1st quarter worth about $31,000. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros during the 4th quarter worth about $43,000. GAMMA Investing LLC raised its position in shares of Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after acquiring an additional 378 shares in the last quarter. Finally, Gould Capital LLC raised its position in shares of Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Stock Performance

NYSE:BROS traded up $0.57 during mid-day trading on Tuesday, reaching $72.40. 1,291,119 shares of the stock were exchanged, compared to its average volume of 3,209,390. The company has a 50 day simple moving average of $65.00 and a 200-day simple moving average of $65.86. Dutch Bros Inc. has a 1 year low of $30.45 and a 1 year high of $86.88. The stock has a market capitalization of $11.91 billion, a P/E ratio of 153.97, a P/E/G ratio of 4.03 and a beta of 2.64. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The company had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. During the same period last year, the business posted $0.19 EPS. The company's revenue was up 28.0% on a year-over-year basis. Analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 shares of Dutch Bros stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This trade represents a 49.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $31,460,817.50. Following the completion of the sale, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,161,101 shares of company stock worth $207,633,882 over the last quarter. Company insiders own 42.40% of the company's stock.

Analyst Upgrades and Downgrades

BROS has been the topic of several research analyst reports. Guggenheim raised their target price on Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. UBS Group raised their target price on Dutch Bros from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. TD Cowen restated a "buy" rating and set a $86.00 price target on shares of Dutch Bros in a research note on Tuesday, August 19th. Bank of America raised their price target on Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Barclays raised their price target on Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $80.06.

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.