Dynamic Technology Lab Private Ltd Buys Shares of 55,766 Dutch Bros Inc. (NYSE:BROS)

Dynamic Technology Lab Private Ltd purchased a new position in Dutch Bros Inc. (NYSE:BROS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,766 shares of the company’s stock, valued at approximately $1,786,000.

A number of other hedge funds have also made changes to their positions in the stock. Arcadia Investment Management Corp MI purchased a new position in Dutch Bros in the second quarter valued at about $27,000. Quest Partners LLC lifted its holdings in shares of Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 764 shares during the last quarter. Jamison Private Wealth Management Inc. grew its stake in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares in the last quarter. Hollencrest Capital Management grew its stake in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. Finally, Abound Wealth Management acquired a new position in Dutch Bros in the second quarter worth approximately $39,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BROS shares. Wedbush lifted their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group lifted their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird increased their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays boosted their price target on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Piper Sandler upped their price target on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.30.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $51.93 on Tuesday. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 179.08, a PEG ratio of 4.11 and a beta of 2.47. The business has a 50 day moving average price of $37.24 and a 200 day moving average price of $36.67. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a twelve month low of $25.46 and a twelve month high of $52.98.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $338.20 million for 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 quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the company posted $0.08 earnings per share. Research analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the transaction, the insider now directly owns 712,819 shares in the company, valued at approximately $22,810,208. This represents a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the transaction, the insider now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,065,467 shares of company stock worth $35,434,372. 46.50% of the stock is currently owned by company insiders.

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.