Point72 Hong Kong Ltd Has $1.37 Million Position in Dutch Bros Inc. (NYSE:BROS)

Point72 Hong Kong Ltd boosted its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 2,203.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,195 shares of the company's stock after purchasing an additional 25,058 shares during the period. Point72 Hong Kong Ltd's holdings in Dutch Bros were worth $1,372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BROS. Numerai GP LLC boosted its position in shares of Dutch Bros by 14.8% during the fourth quarter. Numerai GP LLC now owns 19,643 shares of the company's stock worth $1,029,000 after buying an additional 2,528 shares during the period. Obermeyer Wealth Partners bought a new stake in Dutch Bros in the 4th quarter valued at approximately $241,000. Millennium Management LLC lifted its stake in Dutch Bros by 7.5% in the 4th quarter. Millennium Management LLC now owns 1,295,545 shares of the company's stock valued at $67,861,000 after acquiring an additional 90,166 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Dutch Bros during the 4th quarter worth approximately $2,585,000. Finally, Gotham Asset Management LLC bought a new position in shares of Dutch Bros during the 4th quarter worth approximately $485,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business's 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 sale, the insider now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 7.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 20.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is owned by insiders.

Dutch Bros Stock Performance

Shares of NYSE BROS traded down $1.89 during midday trading on Monday, hitting $71.83. 3,238,970 shares of the company's stock were exchanged, compared to its average volume of 3,147,344. 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 $11.08 billion, a PE ratio of 211.27, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The company's 50 day moving average price is $62.00 and its 200 day moving average price is $60.03.

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. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The business had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. During the same quarter last year, the firm posted $0.09 EPS. The company's quarterly revenue was up 28.7% on a year-over-year basis. As a group, analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on BROS. Bank of America boosted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. increased 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 report on Monday, March 31st. Piper Sandler lowered their target price on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Stifel Nicolaus reduced their price target on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus 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.