Versor Investments LP Trims Stake in Dutch Bros Inc. (NYSE:BROS)

Versor Investments LP lessened its holdings in Dutch Bros Inc. (NYSE:BROS) by 66.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,045 shares of the company’s stock after selling 15,618 shares during the quarter. Versor Investments LP’s holdings in Dutch Bros were worth $258,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management grew its stake in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares in the last quarter. Creative Planning grew its position in Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after acquiring an additional 405 shares in the last quarter. Keudell Morrison Wealth Management increased its stake in Dutch Bros by 4.6% in the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock valued at $353,000 after acquiring an additional 490 shares during the last quarter. Jamison Private Wealth Management Inc. raised its position in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. Finally, Cannon Global Investment Management LLC lifted its stake in Dutch Bros by 7.7% during the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock worth $224,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

BROS has been the topic of a number of research reports. UBS Group raised their price objective on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays boosted their price objective on shares of Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Wedbush increased their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Piper Sandler upped their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. 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, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $47.30.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the transaction, the insider now owns 9,817 shares in the company, valued at approximately $327,691.46. This represents a 92.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The trade was a 47.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,689,583 shares of company stock worth $55,164,707 over the last quarter. 46.50% of the stock is owned by corporate insiders.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $46.61 on Friday. The firm has a market cap of $7.19 billion, a PE ratio of 160.72, a price-to-earnings-growth ratio of 3.81 and a beta of 2.47. The company’s fifty day simple moving average is $35.48 and its two-hundred day simple moving average is $35.83. 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 12-month low of $25.46 and a 12-month high of $50.24.

Dutch Bros (NYSE:BROS) last posted its earnings results 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 company had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. Dutch Bros’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. As a group, equities analysts expect that Dutch Bros Inc. will post 0.39 EPS 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.