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

Worldquant Millennium Advisors LLC acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 56,956 shares of the company's stock, valued at approximately $2,983,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. FIL Ltd purchased a new stake in Dutch Bros during the 4th quarter worth $176,298,000. FMR LLC raised its stake in shares of Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Dutch Bros during the fourth quarter worth $94,478,000. Concurrent Investment Advisors LLC boosted its stake in shares of Dutch Bros by 317.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock valued at $53,878,000 after purchasing an additional 782,164 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in Dutch Bros by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after purchasing an additional 627,875 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 540,638 shares of Dutch Bros stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total value of $35,655,076.10. Following the completion of the transaction, the chairman now directly owns 2,099,499 shares of the company's stock, valued at $138,461,959.05. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 155,322 shares of Dutch Bros stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total transaction of $10,599,173.28. Following the transaction, the insider now directly owns 2,218,611 shares in the company, valued at $151,398,014.64. The trade was a 6.54% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,465,214 shares of company stock valued at $237,721,138. Corporate insiders own 42.40% of the company's stock.

Dutch Bros Stock Performance

BROS traded up $0.75 during midday trading on Wednesday, reaching $70.90. The company's stock had a trading volume of 496,919 shares, compared to its average volume of 3,173,676. Dutch Bros Inc. has a twelve month low of $26.96 and a twelve month 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. The stock has a market cap of $11.66 billion, a P/E ratio of 208.47, a PEG ratio of 4.23 and a beta of 2.71. The company has a fifty day simple moving average of $62.55 and a 200 day simple moving average of $61.09.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BROS shares. Guggenheim upped their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Royal Bank of Canada started coverage on Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price objective for the company. Robert W. Baird lifted their price objective on Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. TD Securities reiterated a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. Finally, Stifel Nicolaus lowered their price objective on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price 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.