UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Dutch Bros Inc. (NYSE:BROS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 33.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,391 shares of the company's stock after acquiring an additional 70,557 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Dutch Bros worth $14,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Worldquant Millennium Advisors LLC acquired a new stake in shares of Dutch Bros during the 4th quarter valued at approximately $2,983,000. Two Sigma Investments LP lifted its position in shares of Dutch Bros by 55.9% during the 4th quarter. Two Sigma Investments LP now owns 294,232 shares of the company's stock valued at $15,412,000 after acquiring an additional 105,484 shares during the period. State of Wyoming acquired a new stake in shares of Dutch Bros during the 4th quarter valued at approximately $196,000. Point72 Hong Kong Ltd lifted its position in shares of Dutch Bros by 2,203.9% during the 4th quarter. Point72 Hong Kong Ltd now owns 26,195 shares of the company's stock valued at $1,372,000 after acquiring an additional 25,058 shares during the period. Finally, Numerai GP LLC lifted its position in shares of Dutch Bros by 14.8% during the 4th quarter. Numerai GP LLC now owns 19,643 shares of the company's stock valued at $1,029,000 after acquiring an additional 2,528 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Trading Up 3.9%

BROS traded up $2.70 during trading on Friday, hitting $72.43. The company's stock had a trading volume of 2,975,976 shares, compared to its average volume of 3,179,050. The firm's 50 day moving average price is $62.69 and its 200-day moving average price is $61.56. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The stock has a market cap of $11.91 billion, a PE ratio of 213.04, a PEG ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a twelve month low of $26.96 and a twelve month high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced 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 2.75% and a return on equity of 6.78%. The company had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. During the same period in the previous year, the company earned $0.09 EPS. The business's quarterly revenue was up 28.7% compared to the same quarter last year. On average, analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Insider Activity

In related news, Chairman Travis Boersma sold 704,995 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total transaction of $48,108,858.80. Following the completion of the sale, the chairman now directly owns 2,218,611 shares of the company's stock, valued at approximately $151,398,014.64. This represents a 24.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total transaction of $7,855,436.40. Following the sale, the insider now directly owns 2,099,499 shares of the company's stock, valued at approximately $138,461,959.05. This trade represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock valued at $237,721,138 in the last ninety days. Company insiders own 42.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wedbush restated an "outperform" rating and set a $90.00 price objective on shares of Dutch Bros in a research report on Monday, March 31st. Royal Bank of Canada assumed coverage on Dutch Bros in a research report on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price objective for the company. Robert W. Baird lifted their price objective on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wells Fargo & Company assumed coverage on Dutch Bros in a research report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price objective for the company. Finally, Piper Sandler cut their price objective on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of "Buy" and an average target price of $75.73.

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.