Wellington Management Group LLP Sells 1,148,659 Shares of Dutch Bros Inc. (NYSE:BROS)

Wellington Management Group LLP reduced its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 57.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 834,709 shares of the company's stock after selling 1,148,659 shares during the quarter. Wellington Management Group LLP owned about 0.54% of Dutch Bros worth $43,722,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock valued at $533,465,000 after purchasing an additional 153,070 shares during the last quarter. FMR LLC lifted its holdings in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after buying an additional 3,227,435 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Dutch Bros by 14.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after buying an additional 627,875 shares during the period. FIL Ltd acquired a new position in Dutch Bros in the fourth quarter valued at approximately $176,298,000. Finally, Raymond James Financial Inc. acquired a new position in Dutch Bros in the fourth quarter valued at approximately $94,478,000. 85.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Guggenheim increased their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. Barclays increased their price objective on shares of Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. UBS Group cut their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Royal Bank of Canada assumed coverage on shares of Dutch Bros in a report on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price objective on the stock. Finally, Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the company an "overweight" rating in a report on Monday, April 14th. One equities research 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 stock. Based on data from MarketBeat, Dutch Bros currently has an average rating of "Buy" and an average target price of $75.73.

Dutch Bros Trading Up 3.9%

BROS traded up $2.70 during mid-day trading on Friday, hitting $72.43. The stock had a trading volume of 2,975,976 shares, compared to its average volume of 3,179,050. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. 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's fifty day simple moving average is $62.69 and its 200-day simple moving average is $61.56. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 213.04, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The business had revenue of $355.15 million for the quarter, compared to analyst estimates of $343.30 million. During the same period last year, the business posted $0.09 earnings per share. The firm's quarterly revenue was up 28.7% on a year-over-year basis. As a group, research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the completion of the transaction, the chairman now owns 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total value of $7,855,436.40. Following the completion of the transaction, the insider now owns 2,099,499 shares of the company's stock, valued at $138,461,959.05. The trade was a 5.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,465,214 shares of company stock worth $237,721,138 over the last ninety days. Company insiders own 42.40% of the company's stock.

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.