Voleon Capital Management LP Buys Shares of 7,880 Dutch Bros Inc. $BROS

Key Points

• Voleon Capital Management LP has acquired 7,880 shares of Dutch Bros Inc. (NYSE:BROS), valued at approximately $487,000, marking a new investment in the company.
• Notable institutional investors, including BNP Paribas Financial Markets and AQR Capital Management, have significantly increased their holdings in Dutch Bros, indicating strong institutional interest.
• Analysts' ratings for Dutch Bros suggest optimism, with a target price range generally around $75 to $85 and many giving the stock a "Buy" or "Outperform" rating.

Voleon Capital Management LP purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,880 shares of the company's stock, valued at approximately $487,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. raised its holdings in Dutch Bros by 29.9% in the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company's stock valued at $211,163,000 after acquiring an additional 788,100 shares in the last quarter. Invesco Ltd. raised its holdings in Dutch Bros by 16.4% in the first quarter. Invesco Ltd. now owns 1,365,281 shares of the company's stock valued at $84,292,000 after acquiring an additional 192,458 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Dutch Bros by 25.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,324,676 shares of the company's stock valued at $81,786,000 after acquiring an additional 272,473 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in Dutch Bros by 3.0% in the first quarter. Driehaus Capital Management LLC now owns 1,320,807 shares of the company's stock valued at $81,547,000 after acquiring an additional 38,989 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Dutch Bros by 7.5% in the fourth quarter. Millennium Management LLC now owns 1,295,545 shares of the company's stock valued at $67,861,000 after acquiring an additional 90,166 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Price Performance

BROS traded down $1.78 on Friday, reaching $64.72. The company had a trading volume of 3,050,072 shares, compared to its average volume of 3,238,828. The company has a fifty day moving average of $64.93 and a 200-day moving average of $65.30. The company has a market capitalization of $10.65 billion, a P/E ratio of 137.70, a PEG ratio of 3.68 and a beta of 2.64. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. Dutch Bros Inc. has a one year low of $30.49 and a one year high of $86.88.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BROS shares. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Morgan Stanley reiterated an "overweight" rating and set a $84.00 target price (up previously from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. TD Cowen reiterated a "buy" rating and set a $86.00 target price on shares of Dutch Bros in a research note on Tuesday, August 19th. The Goldman Sachs Group started coverage on shares of Dutch Bros in a research note on Thursday, June 26th. They set a "neutral" rating and a $75.00 target price for the company. Finally, UBS Group boosted their target price on shares of Dutch Bros from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued 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 a consensus target price of $80.06.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the sale, the insider directly owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Travis Boersma sold 787,681 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.94, for a total value of $54,302,728.14. Following the completion of the transaction, the chairman owned 975,031 shares in the company, valued at $67,218,637.14. This represents a 44.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,161,101 shares of company stock valued at $207,633,882 over the last ninety days. Insiders own 42.40% of the company's stock.

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.