230,611 Shares in Dutch Bros Inc. (NYSE:BROS) Purchased by Paloma Partners Management Co

Paloma Partners Management Co bought a new position in Dutch Bros Inc. (NYSE:BROS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 230,611 shares of the company’s stock, valued at approximately $7,386,000. Paloma Partners Management Co owned approximately 0.15% of Dutch Bros at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BROS. Arcadia Investment Management Corp MI purchased a new stake in Dutch Bros during the second quarter valued at approximately $27,000. Jamison Private Wealth Management Inc. raised its position in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Hollencrest Capital Management raised its position in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the period. Quest Partners LLC raised its position in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in Dutch Bros during the third quarter valued at approximately $36,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

NYSE BROS opened at $53.73 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The firm’s 50 day moving average price is $39.08 and its 200-day moving average price is $37.29. Dutch Bros Inc. has a 52-week low of $25.46 and a 52-week high of $54.59. The company has a market cap of $8.28 billion, a PE ratio of 185.28, a P/E/G ratio of 3.95 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. Dutch Bros’s revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned $0.08 earnings per share. Sell-side analysts forecast that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 280,518 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.36, for a total value of $9,077,562.48. Following the completion of the transaction, the chairman now owns 322,177 shares of the company’s stock, valued at approximately $10,425,647.72. This trade represents a 46.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00. Following the transaction, the insider now directly owns 712,819 shares of the company’s stock, valued at approximately $22,810,208. This trade represents a 0.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,065,467 shares of company stock worth $35,434,372 over the last three months. Corporate insiders own 46.50% of the company’s stock.

Analysts Set New Price Targets

BROS has been the topic of a number of recent research reports. Wedbush upped their price objective on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird upped their target price on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. TD Cowen upped their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group upped their target price on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.30.

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.