Trexquant Investment LP Sells 81,151 Shares of Dutch Bros Inc. $BROS

Key Points

• Trexquant Investment LP reduced its stake in Dutch Bros Inc. by 22.2%, owning 284,233 shares worth approximately $17.5 million after selling 81,151 shares in the first quarter.
• Dutch Bros reported a quarterly revenue of $415.81 million, exceeding expectations, along with earnings per share of $0.26, beating consensus estimates.
• Insider trading activity saw Chairman Travis Boersma selling over 1.25 million shares, reducing his position by 49.43%, with a total transaction value of approximately $81.5 million.

Trexquant Investment LP decreased its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 22.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 284,233 shares of the company's stock after selling 81,151 shares during the quarter. Trexquant Investment LP owned approximately 0.18% of Dutch Bros worth $17,549,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Berkshire Capital Holdings Inc. acquired a new position in Dutch Bros during the 1st quarter worth $6,438,000. Jump Financial LLC lifted its stake in shares of Dutch Bros by 47.3% in the 1st quarter. Jump Financial LLC now owns 223,771 shares of the company's stock valued at $13,816,000 after purchasing an additional 71,834 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Dutch Bros in the 4th quarter valued at $267,000. West Michigan Advisors LLC acquired a new position in shares of Dutch Bros in the 1st quarter valued at $401,000. Finally, Cherry Creek Investment Advisors Inc. lifted its stake in shares of Dutch Bros by 63.9% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 21,253 shares of the company's stock valued at $1,312,000 after purchasing an additional 8,282 shares during the period. Institutional investors and hedge funds own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Melius Research raised Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Barclays increased their price target on Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Piper Sandler cut their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Robert W. Baird increased their price target on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada raised 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, August 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $80.06.

Dutch Bros Stock Down 3.1%

BROS stock traded down $2.27 during trading hours on Friday, reaching $71.97. 3,341,555 shares of the stock were exchanged, compared to its average volume of 4,338,131. The firm's 50-day moving average is $64.95 and its 200-day moving average is $65.93. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 153.13, a PEG ratio of 4.03 and a beta of 2.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. Dutch Bros Inc. has a 12 month low of $30.30 and a 12 month high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. The firm had revenue of $415.81 million during the quarter, compared to analysts' expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The company's revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. On average, equities research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the completion of the transaction, the chairman owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This represents a 49.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,161,101 shares of company stock valued at $207,633,882. Corporate insiders own 42.40% of the company's stock.

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.