Graham Capital Management L.P. Decreases Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Graham Capital Management L.P. reduced its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 40.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,688 shares of the company's stock after selling 7,842 shares during the quarter. Graham Capital Management L.P.'s holdings in Dutch Bros were worth $612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company's stock worth $328,000 after buying an additional 220 shares during the period. Arizona State Retirement System grew its holdings in Dutch Bros by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock worth $1,730,000 after purchasing an additional 260 shares during the period. Treasurer of the State of North Carolina grew its holdings in Dutch Bros by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock worth $2,517,000 after purchasing an additional 310 shares during the period. Level Four Advisory Services LLC grew its holdings in Dutch Bros by 6.1% in the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after purchasing an additional 392 shares during the period. Finally, Prosperity Wealth Management Inc. grew its holdings in Dutch Bros by 4.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock worth $502,000 after purchasing an additional 435 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded up $2.23 on Friday, reaching $73.86. 5,241,466 shares of the company traded hands, compared to its average volume of 3,146,974. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The company has a 50 day moving average of $61.81 and a 200 day moving average of $59.57. The firm has a market capitalization of $11.39 billion, a PE ratio of 217.23, a PEG ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

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

Analyst Upgrades and Downgrades

BROS has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. UBS Group dropped their price target on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. TD Securities reaffirmed a "buy" rating and issued a $78.00 price objective on shares of Dutch Bros in a research report on Thursday, May 8th. Bank of America increased their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company assumed coverage on Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 target price on the stock. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $75.73.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 679,996 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the sale, the chairman now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 9.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 42.40% of the company's stock.

Dutch Bros 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.