Aigen Investment Management LP Has $209,000 Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Aigen Investment Management LP trimmed its holdings in Dutch Bros Inc. (NYSE:BROS – Get Rating) by 21.1% during the fourth quarter, Holdings Channel reports. The firm owned 7,412 shares of the company’s stock after selling 1,987 shares during the quarter. Aigen Investment Management LP’s holdings in Dutch Bros were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clearbridge Investments LLC increased its stake in Dutch Bros by 1.3% in the fourth quarter. Clearbridge Investments LLC now owns 525,531 shares of the company’s stock valued at $14,815,000 after purchasing an additional 6,637 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Dutch Bros in the 4th quarter worth about $279,000. First Trust Advisors LP purchased a new stake in Dutch Bros in the 4th quarter worth about $953,000. HBK Sorce Advisory LLC increased its holdings in Dutch Bros by 100.0% in the 4th quarter. HBK Sorce Advisory LLC now owns 470,000 shares of the company’s stock worth $543,000 after acquiring an additional 235,000 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Dutch Bros by 45.6% in the 4th quarter. HighTower Advisors LLC now owns 14,739 shares of the company’s stock worth $415,000 after purchasing an additional 4,615 shares during the period.

Dutch Bros Stock Down 2.7 %

Dutch Bros stock opened at $28.59 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.32 and a quick ratio of 0.15. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -408.43 and a beta of 2.65. Dutch Bros Inc. has a 1-year low of $25.45 and a 1-year high of $54.18. The business has a fifty day moving average price of $30.35 and a 200-day moving average price of $32.64.

Dutch Bros (NYSE:BROS – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.14). The company had revenue of $201.83 million during the quarter, compared to analyst estimates of $197.73 million. Dutch Bros had a negative net margin of 0.47% and a negative return on equity of 5.07%. Equities research analysts forecast that Dutch Bros Inc. will post -0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wedbush upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and set a $37.00 price target for the company in a research report on Wednesday, April 5th. Barclays lifted their price target on Dutch Bros from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 26th. Stifel Nicolaus decreased their price target on Dutch Bros from $37.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, April 4th. JPMorgan Chase & Co. cut Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $38.00 to $32.00 in a research note on Wednesday, May 10th. Finally, Cowen restated an “outperform” rating and set a $43.00 price target on shares of Dutch Bros in a research report on Thursday, February 23rd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.73.

Dutch Bros Company Profile

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Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.