Penserra Capital Management LLC Grows Position in Dutch Bros Inc. (NYSE:BROS)

Penserra Capital Management LLC boosted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 64.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,385 shares of the company's stock after purchasing an additional 11,078 shares during the quarter. Penserra Capital Management LLC's holdings in Dutch Bros were worth $1,752,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BROS shares. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an "overweight" rating in a report on Monday, April 14th. The Goldman Sachs Group started coverage on shares of Dutch Bros in a report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 price objective for the company. Wedbush restated an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. TD Securities reaffirmed a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. Finally, UBS Group reduced their target price on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $75.94.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the business's stock in a transaction on 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 transaction, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 722,841 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the transaction, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock worth $237,721,138 in the last 90 days. 42.40% of the stock is currently owned by company insiders.

Dutch Bros Price Performance

Shares of Dutch Bros stock traded down $0.48 on Friday, hitting $63.23. 2,090,979 shares of the company traded hands, compared to its average volume of 3,093,813. The stock has a market capitalization of $10.40 billion, a P/E ratio of 162.13, a price-to-earnings-growth ratio of 3.96 and a beta of 2.65. 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 52 week low of $26.96 and a 52 week high of $86.88. The business has a 50-day simple moving average of $68.45 and a 200 day simple moving average of $64.87.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The firm had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. During the same quarter last year, the business posted $0.09 earnings per share. The company's revenue for the quarter was up 28.7% compared to the same quarter last year. Research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

About Dutch Bros

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.