Dutch Bros Inc. (NYSE:BROS) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 14.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,947 shares of the company’s stock after selling 3,801 shares during the period. Natixis Advisors LLC’s holdings in Dutch Bros were worth $735,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BROS. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros in the third quarter valued at approximately $224,461,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Dutch Bros in the third quarter valued at approximately $1,207,000. 1832 Asset Management L.P. acquired a new position in shares of Dutch Bros in the second quarter valued at approximately $4,339,000. Public Employees Retirement System of Ohio acquired a new position in shares of Dutch Bros in the first quarter valued at approximately $2,072,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Dutch Bros in the first quarter valued at approximately $455,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BROS. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Stifel Nicolaus lifted their price target on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Wedbush lifted their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target 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, Barclays lifted their price target on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.30.

Dutch Bros Stock Performance

NYSE BROS opened at $53.14 on Thursday. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $53.29. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 181.39, a price-to-earnings-growth ratio of 4.16 and a beta of 2.47. The business has a fifty day moving average of $37.96 and a 200-day moving average of $36.93. 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 (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. As a group, analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 3,600 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 $115,200.00. Following the completion of the transaction, the chairman now directly owns 430,718 shares in the company, valued at approximately $13,782,976. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,065,467 shares of company stock worth $35,434,372. 46.50% of the stock is currently owned by 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.