Dutch Bros Inc. (NYSE:BROS) Shares Sold by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC cut its position in Dutch Bros Inc. (NYSE:BROS) by 39.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,670 shares of the company’s stock after selling 53,584 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Dutch Bros were worth $3,340,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after buying an additional 1,661,778 shares during the period. Marshall Wace LLP increased its stake in shares of Dutch Bros by 15.4% in the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after acquiring an additional 527,716 shares during the period. Davidson Kempner Capital Management LP raised its holdings in shares of Dutch Bros by 43.5% during the second quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock worth $65,626,000 after purchasing an additional 480,153 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Dutch Bros during the second quarter valued at $57,435,000. Finally, Joho Capital LLC boosted its holdings in Dutch Bros by 428.9% in the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Travis Boersma sold 18,223 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $34.13, for a total value of $621,950.99. Following the completion of the transaction, the chairman now directly owns 263,954 shares of the company’s stock, valued at approximately $9,008,750.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total value 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 18,223 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.13, for a total value of $621,950.99. Following the transaction, the chairman now owns 263,954 shares in the company, valued at $9,008,750.02. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,885 shares of company stock worth $36,124,009 over the last quarter. 46.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on BROS. Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $41.00 to $36.00 in a report on Monday, August 19th. UBS Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, August 15th. Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a research note on Thursday, August 8th. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Barclays cut their price objective on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.73.

Dutch Bros Stock Performance

NYSE:BROS opened at $32.46 on Monday. The company has a fifty day moving average of $33.61 and a two-hundred day moving average of $34.78. Dutch Bros Inc. has a fifty-two week low of $22.67 and a fifty-two week high of $43.49. The stock has a market capitalization of $5.75 billion, a PE ratio of 180.33, a P/E/G ratio of 2.84 and a beta of 2.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. During the same period last year, the company posted $0.07 EPS. Dutch Bros’s quarterly revenue was up 30.0% compared to the same quarter last year. As a group, research analysts forecast that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

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.