Polen Capital Management LLC Sells 36,899 Shares of Dutch Bros Inc. (NYSE:BROS)

Key Points

• Polen Capital Management LLC reduced its stake in Dutch Bros by 35.1%, selling 36,899 shares and holding a total of 68,124 shares valued at approximately $4.2 million.
• Several institutional investors have adjusted their positions in Dutch Bros, with 85.54% of the company's stock now owned by institutional investors.
• Analysts are optimistic about Dutch Bros, with upgrades from notable firms raising the price targets, resulting in a consensus price target of $77.82 and a general rating of "Buy."

Polen Capital Management LLC lowered its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 35.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,124 shares of the company's stock after selling 36,899 shares during the period. Polen Capital Management LLC's holdings in Dutch Bros were worth $4,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in Dutch Bros in the fourth quarter worth approximately $267,000. West Michigan Advisors LLC bought a new position in Dutch Bros in the first quarter worth approximately $401,000. Cherry Creek Investment Advisors Inc. boosted its holdings in Dutch Bros by 63.9% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 21,253 shares of the company's stock worth $1,312,000 after acquiring an additional 8,282 shares in the last quarter. Private Advisory Group LLC bought a new position in Dutch Bros in the first quarter worth approximately $910,000. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Dutch Bros by 14.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock worth $268,095,000 after acquiring an additional 627,875 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Wall Street Analyst Weigh In

BROS has been the subject of several analyst reports. Robert W. Baird increased their price objective on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. TD Securities reissued a "buy" rating and issued a $78.00 price objective on shares of Dutch Bros in a research note on Thursday, May 8th. Royal Bank Of Canada increased their price objective on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday. Stifel Nicolaus lowered their price objective on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Barclays increased their price objective on Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and a consensus price target of $77.82.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction on Thursday, May 22nd. The stock was 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 in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of Dutch Bros stock in a transaction on Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the transaction, the insider owned 2,373,933 shares of the company's stock, valued at approximately $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,465,214 shares of company stock valued at $237,721,138. 42.40% of the stock is owned by company insiders.

Dutch Bros Stock Performance

Shares of BROS opened at $66.15 on Friday. The firm has a market cap of $10.88 billion, a PE ratio of 140.75, a PEG ratio of 3.66 and a beta of 2.63. The stock's fifty day moving average price is $65.95 and its two-hundred day moving average price is $65.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. Dutch Bros Inc. has a 1 year low of $28.48 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. Dutch Bros had a return on equity of 9.05% and a net margin of 3.94%. The business's revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. On average, equities research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.