Penserra Capital Management LLC Has $1.75 Million Stake in Dutch Bros Inc. (NYSE:BROS)

Penserra Capital Management LLC lifted its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 64.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 28,385 shares of the company's stock after acquiring an additional 11,078 shares during the period. Penserra Capital Management LLC's holdings in Dutch Bros were worth $1,752,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in BROS. Coppell Advisory Solutions LLC lifted its holdings in shares of Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after acquiring an additional 447 shares during the period. AdvisorNet Financial Inc bought a new position in Dutch Bros during the 1st quarter valued at about $31,000. Bernard Wealth Management Corp. bought a new position in Dutch Bros during the 4th quarter valued at about $43,000. Gould Capital LLC boosted its position in Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after buying an additional 140 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake 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 currently owned by institutional investors and hedge funds.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction on 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 transaction, the chairman directly owned 1,940,245 shares in the company, valued at $129,647,170.90. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 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 $10,641,352.28. Following the completion of the transaction, the insider directly owned 1,940,245 shares in the company, valued at $129,647,170.90. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BROS shares. CICC Research began coverage on shares of Dutch Bros in a research note on Monday, June 30th. They issued an "outperform" rating and a $80.00 target price for the company. Wells Fargo & Company began coverage on Dutch Bros in a research report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective for the company. The Goldman Sachs Group started coverage on Dutch Bros in a report on Thursday, June 26th. They set a "neutral" rating and a $75.00 target price on the stock. Barclays lifted their price target on Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, UBS Group decreased their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Dutch Bros currently has a consensus rating of "Moderate Buy" and an average price target of $75.94.

Dutch Bros Stock Down 0.8%

NYSE BROS traded down $0.48 during trading hours on Friday, reaching $63.23. 2,127,294 shares of the company's stock were exchanged, compared to its average volume of 3,101,044. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.75 and a current ratio of 1.95. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The company's 50-day moving average is $68.49 and its two-hundred day moving average is $65.00. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 162.13, a price-to-earnings-growth ratio of 3.79 and a beta of 2.65.

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

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.