Seven Grand Managers LLC Has $633,000 Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Seven Grand Managers LLC trimmed its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 58.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the company's stock after selling 27,886 shares during the period. Seven Grand Managers LLC's holdings in Dutch Bros were worth $633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Jump Financial LLC acquired a new stake in shares of Dutch Bros in the fourth quarter worth $4,070,000. Qsemble Capital Management LP bought a new stake in Dutch Bros in the 4th quarter valued at $280,000. Van Hulzen Asset Management LLC grew its position in Dutch Bros by 19.1% in the 4th quarter. Van Hulzen Asset Management LLC now owns 11,890 shares of the company's stock worth $377,000 after purchasing an additional 1,910 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Dutch Bros by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 296,939 shares of the company's stock worth $9,404,000 after purchasing an additional 14,158 shares during the period. Finally, Private Advisor Group LLC acquired a new position in shares of Dutch Bros during the fourth quarter valued at about $220,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BROS shares. Barclays lifted their target price on Dutch Bros from $30.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Guggenheim restated a "neutral" rating and set a $30.00 price objective on shares of Dutch Bros in a research report on Friday, April 5th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, March 19th. Stifel Nicolaus reiterated a "buy" rating and set a $40.00 price target on shares of Dutch Bros in a research note on Wednesday, April 3rd. Finally, TD Cowen upgraded shares of Dutch Bros from a "hold" rating to a "buy" rating and increased their price objective for the company from $33.00 to $46.00 in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

Insider Activity at Dutch Bros

In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $28.90, for a total value of $231,200,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $5,682,234.18. Following the transaction, the insider now directly owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $28.90, for a total value of $231,200,000.00. The disclosure for this sale can be found here. Insiders sold 17,907,188 shares of company stock valued at $561,438,392 in the last three months. Corporate insiders own 46.50% of the company's stock.

Dutch Bros Price Performance

Shares of NYSE:BROS traded up $3.23 on Friday, hitting $36.03. The stock had a trading volume of 5,745,522 shares, compared to its average volume of 2,419,708. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 200.18, a price-to-earnings-growth ratio of 4.78 and a beta of 2.43. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.15 and a current ratio of 2.29. The firm's 50 day moving average price is $31.48 and its 200-day moving average price is $29.34. Dutch Bros Inc. has a twelve month low of $22.67 and a twelve month high of $36.25.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. The firm had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. On average, equities research analysts predict that Dutch Bros Inc. will post 0.27 earnings per share for the current year.

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.