Russell Investments Group Ltd. Sells 42,475 Shares of Dutch Bros Inc. $BROS

Key Points

• Russell Investments Group Ltd. has reduced its stakes in Dutch Bros Inc. by 20.5%, selling 42,475 shares and ending up with 165,077 shares valued at approximately $10.22 million.
• Dutch Bros reported a quarterly earnings result of $0.26 EPS, exceeding analyst expectations of $0.18, along with a revenue of $415.81 million, marking a 28% year-over-year increase.
• Research firms have raised their price targets for Dutch Bros, with Barclays pushing its target up to $92.00 and Royal Bank Of Canada to $85.00, reflecting a mostly optimistic outlook for the stock.

Russell Investments Group Ltd. reduced its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 165,077 shares of the company's stock after selling 42,475 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of Dutch Bros worth $10,216,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Dutch Bros during the 4th quarter worth $267,000. West Michigan Advisors LLC acquired a new position in shares of Dutch Bros during the 1st quarter worth $401,000. Cherry Creek Investment Advisors Inc. raised its holdings in shares of Dutch Bros by 63.9% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 21,253 shares of the company's stock worth $1,312,000 after buying an additional 8,282 shares in the last quarter. Private Advisory Group LLC acquired a new position in shares of Dutch Bros during the 1st quarter worth $910,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Dutch Bros by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock worth $268,095,000 after buying an additional 627,875 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Robert W. Baird boosted their price target on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Morgan Stanley reissued an "overweight" rating and set a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th. TD Securities reissued a "buy" rating and set a $78.00 price target on shares of Dutch Bros in a 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 for the company in a report on Thursday, May 8th. Finally, UBS Group lowered their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $79.76.

Dutch Bros Price Performance

BROS stock traded up $2.2050 during midday trading on Friday, reaching $65.3350. 4,738,619 shares of the stock were exchanged, compared to its average volume of 3,949,006. The stock has a market capitalization of $10.75 billion, a PE ratio of 139.01, a P/E/G ratio of 3.54 and a beta of 2.63. Dutch Bros Inc. has a 52 week low of $30.30 and a 52 week high of $86.88. 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 company has a fifty day moving average price of $64.65 and a 200 day moving average price of $65.83.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. The business 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 8.86% and a net margin of 3.94%.Dutch Bros's quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. As a group, analysts expect that Dutch Bros Inc. will post 0.57 EPS 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.