Woodline Partners LP Sells 532,159 Shares of Dutch Bros Inc. (NYSE:BROS)

Woodline Partners LP lessened its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 95.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,955 shares of the company's stock after selling 532,159 shares during the quarter. Woodline Partners LP's holdings in Dutch Bros were worth $1,255,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Dutch Bros during the 4th quarter worth about $94,478,000. Clear Creek Financial Management LLC acquired a new position in Dutch Bros during the 4th quarter worth $288,000. Ferguson Wellman Capital Management Inc. acquired a new stake in Dutch Bros in the fourth quarter worth $304,000. Allspring Global Investments Holdings LLC lifted its position in Dutch Bros by 2.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock worth $49,785,000 after purchasing an additional 17,402 shares during the period. Finally, Scratch Capital LLC acquired a new stake in Dutch Bros during the 4th quarter worth about $1,260,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Analyst Ratings Changes

BROS has been the subject of several recent analyst reports. Wells Fargo & Company initiated coverage on Dutch Bros in a research note on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price target for the company. Stifel Nicolaus cut their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Barclays raised their price objective on shares of Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group lowered their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Dutch Bros presently has a consensus rating of "Buy" and a consensus price target of $75.73.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded down $0.92 during trading on Thursday, hitting $69.77. 1,289,205 shares of the stock were exchanged, compared to its average volume of 3,173,716. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 205.02, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. The company has a fifty day moving average price of $62.65 and a 200-day moving average price of $61.15.

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, beating analysts' consensus estimates of $0.11 by $0.03. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The firm had revenue of $355.15 million for the quarter, compared to analyst estimates of $343.30 million. During the same period in the prior year, the firm posted $0.09 EPS. The company's revenue for the quarter was up 28.7% on a year-over-year basis. As a group, equities analysts predict 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 531,526 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the completion of the transaction, the chairman now owns 2,373,933 shares of the company's stock, valued at approximately $170,970,654.66. The trade was a 18.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the business'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 $10,641,352.28. Following the sale, the insider now owns 1,940,245 shares in the company, valued at approximately $129,647,170.90. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,465,214 shares of company stock worth $237,721,138. Company 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.