Woodline Partners LP Has $1.26 Million Stake in Dutch Bros Inc. (NYSE:BROS)

Woodline Partners LP trimmed its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 95.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,955 shares of the company's stock after selling 532,159 shares during the period. Woodline Partners LP's holdings in Dutch Bros were worth $1,255,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BROS. R Squared Ltd bought a new stake in Dutch Bros in the fourth quarter worth approximately $25,000. Coppell Advisory Solutions LLC lifted its stake in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after buying an additional 447 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the fourth quarter worth $43,000. SBI Securities Co. Ltd. acquired a new stake in shares of Dutch Bros in the fourth quarter worth $53,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros in the fourth quarter worth $60,000. 85.54% of the stock is owned by institutional investors.

Dutch Bros Trading Up 1.3%

NYSE BROS traded up $0.92 during trading hours on Friday, hitting $70.65. The company's stock had a trading volume of 357,730 shares, compared to its average volume of 3,165,665. The stock has a fifty day moving average of $62.64 and a 200 day moving average of $61.30. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $11.62 billion, a P/E ratio of 207.56, 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 posted its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. Dutch Bros's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. Equities research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the completion of the sale, the chairman now directly owns 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 155,322 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total transaction of $10,599,173.28. Following the completion of the sale, the insider now directly owns 2,218,611 shares of the company's stock, valued at $151,398,014.64. This represents a 6.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,465,214 shares of company stock worth $237,721,138 over the last ninety days. 42.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BROS shares. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Wedbush restated an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. Robert W. Baird boosted their price objective on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. UBS Group reduced 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. Finally, Barclays increased their price target 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. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and an average price target 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.