Worldquant Millennium Advisors LLC Invests $2.98 Million in Dutch Bros Inc. (NYSE:BROS)

Worldquant Millennium Advisors LLC bought a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,956 shares of the company's stock, valued at approximately $2,983,000.

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

Dutch Bros Stock Performance

NYSE:BROS opened at $68.40 on Friday. The stock has a 50 day simple moving average of $62.33 and a 200 day simple moving average of $60.35. The stock has a market cap of $10.55 billion, a P/E ratio of 201.19, a PEG ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. 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 (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $355.15 million for 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%. The company's quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. Research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. The trade was a 7.31% 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, 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 value of $48,108,858.80. Following the sale, the chairman now owns 2,218,611 shares of the company's stock, valued at approximately $151,398,014.64. The trade was a 24.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,519,743 shares of company stock valued at $255,375,300. 42.40% of the stock is owned by company insiders.

Analyst Ratings Changes

BROS has been the subject of a number of recent analyst reports. UBS Group cut their price target 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. Robert W. Baird raised their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Bank of America lifted their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada began coverage on Dutch Bros in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price objective on the stock. Finally, Wells Fargo & Company started coverage on Dutch Bros in a research note on Wednesday, March 26th. They set an "overweight" rating and a $80.00 target price for the company. One equities research 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 stock. According to data from MarketBeat, the company 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.

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