Dutch Bros Inc. (NYSE:BROS) Stock Holdings Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in Dutch Bros Inc. (NYSE:BROS) by 35.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 368,753 shares of the company’s stock after selling 201,503 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.24% of Dutch Bros worth $11,811,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Rhumbline Advisers boosted its position in Dutch Bros by 6,655.1% during the second quarter. Rhumbline Advisers now owns 84,776 shares of the company’s stock valued at $3,510,000 after purchasing an additional 83,521 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Dutch Bros by 12.6% during the second quarter. Victory Capital Management Inc. now owns 19,918 shares of the company’s stock valued at $825,000 after buying an additional 2,223 shares during the last quarter. Quest Partners LLC grew 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 worth $33,000 after purchasing an additional 764 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Dutch Bros in the 2nd quarter valued at $113,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Dutch Bros during the second quarter valued at approximately $2,112,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This trade represents a 71.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction that occurred 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 in the company, valued at approximately $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. Insiders sold a total of 560,698 shares of company stock valued at $19,040,697 over the last quarter. 46.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BROS has been the topic of several research analyst reports. Wedbush upped their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler increased their target price on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Jefferies Financial Group upped their price objective on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 16th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, UBS Group boosted their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $57.18.

Dutch Bros Price Performance

NYSE:BROS opened at $57.42 on Monday. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $59.18. The company has a market cap of $8.85 billion, a P/E ratio of 198.01, a P/E/G ratio of 3.89 and a beta of 2.71. The firm’s fifty day moving average price is $51.52 and its two-hundred day moving average price is $40.80. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

Dutch Bros (NYSE:BROS) last posted its 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 the consensus estimate of $324.97 million. During the same quarter last year, the firm earned $0.08 earnings per share. The company’s revenue was up 27.9% on a year-over-year basis. Equities analysts expect that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

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.