Dutch Bros Inc. (NYSE:BROS) Stake Decreased by Barclays PLC

Barclays PLC trimmed its holdings in Dutch Bros Inc. (NYSE:BROS) by 64.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,750 shares of the company’s stock after selling 95,868 shares during the quarter. Barclays PLC’s holdings in Dutch Bros were worth $1,721,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. boosted its position in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after acquiring an additional 500 shares during the period. Hollencrest Capital Management raised its stake in shares of 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 in the last quarter. Quest Partners LLC lifted its holdings in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the period. Point72 Hong Kong Ltd bought a new position in Dutch Bros in the 3rd quarter valued at about $36,000. Finally, nVerses Capital LLC acquired a new position in Dutch Bros during the 3rd quarter valued at about $38,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BROS. JPMorgan Chase & Co. upped their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Stifel Nicolaus upped their target price on Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Jefferies Financial Group boosted their price objective on Dutch Bros from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, TD Cowen upped their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $57.18.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This trade represents a 24.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 285,462 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the completion of the transaction, the chairman now owns 9,817 shares in the company, valued at $327,691.46. This represents a 96.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 560,698 shares of company stock worth $19,040,697. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Trading Up 2.2 %

NYSE:BROS opened at $57.42 on Friday. The stock has a fifty day simple moving average of $51.52 and a 200 day simple moving average of $40.80. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 198.01, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. Dutch Bros Inc. has a 1-year low of $25.46 and a 1-year high of $59.18. 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 posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 27.9% on a year-over-year basis. Sell-side analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current 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.