TSG Consumer Partners LP Sells 1,161,060 Shares of Dutch Bros Inc. (NYSE:BROS)

Key Points

• TSG Consumer Partners LP has reduced its stake in Dutch Bros Inc. by 33.1%, now owning approximately 1.52% of the company worth $144.9 million.
• Insider selling has increased, with Chairman Travis Boersma selling 722,841 shares, reflecting a 27.14% decrease in his position.
• Despite recent insider sales, analysts remain positive, with a consensus "Buy" rating and an average price target of $76.06 for Dutch Bros shares.

TSG Consumer Partners LP reduced its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 33.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,347,346 shares of the company's stock after selling 1,161,060 shares during the quarter. Dutch Bros comprises about 100.0% of TSG Consumer Partners LP's portfolio, making the stock its largest holding. TSG Consumer Partners LP owned about 1.52% of Dutch Bros worth $144,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of BROS. AdvisorNet Financial Inc purchased a new stake in shares of Dutch Bros during the first quarter valued at $31,000. Cullen Frost Bankers Inc. acquired a new stake in Dutch Bros during the 1st quarter worth about $31,000. Coppell Advisory Solutions LLC lifted its position in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after acquiring an additional 447 shares during the period. Bernard Wealth Management Corp. purchased a new stake in Dutch Bros during the 4th quarter valued at about $43,000. Finally, GAMMA Investing LLC increased its holdings in shares of Dutch Bros by 85.3% in the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after purchasing an additional 378 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 722,841 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of Dutch Bros 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 completion of the sale, the insider directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock valued at $237,721,138 over the last 90 days. Company insiders own 42.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Securities reaffirmed a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a report on Thursday, May 8th. Barclays raised their price target on shares of Dutch Bros from $82.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. UBS Group decreased their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an "overweight" rating in a research note on Monday, April 14th. Finally, CICC Research began coverage on shares of Dutch Bros in a report on Monday, June 30th. They set an "outperform" rating and a $80.00 target price for the company. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros has a consensus rating of "Buy" and an average price target of $76.06.

Dutch Bros Stock Down 1.3%

BROS opened at $59.26 on Friday. The company has a fifty day moving average of $66.98 and a two-hundred day moving average of $65.53. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 151.96, a PEG ratio of 3.32 and a beta of 2.65. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. 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 (NYSE:BROS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 7.73% and a net margin of 3.20%. Dutch Bros's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. On average, research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current 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.

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