Dutch Bros Inc. (NYSE:BROS) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,118,265 shares of the company’s stock after acquiring an additional 627,875 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Dutch Bros were worth $268,095,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Dutch Bros during the 3rd quarter worth approximately $50,000. Watts Gwilliam & Co. LLC acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $304,000. Fortitude Family Office LLC bought a new stake in Dutch Bros in the 4th quarter valued at about $41,000. Harbor Capital Advisors Inc. boosted its position in Dutch Bros by 6.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 28,637 shares of the company’s stock worth $1,500,000 after acquiring an additional 1,661 shares during the period. Finally, Radnor Capital Management LLC acquired a new stake in shares of Dutch Bros in the 4th quarter worth approximately $243,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their position. The sale 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 262,537 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the transaction, the insider now owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. The trade was a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 42.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an “overweight” rating in a research note on Monday, April 14th. TD Securities reissued a “buy” rating and issued a $89.00 price target on shares of Dutch Bros in a report on Friday, March 28th. Finally, Barclays lowered their price objective on shares of Dutch Bros from $94.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $75.86.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $59.03 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a market cap of $9.10 billion, a PE ratio of 173.61, a P/E/G ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The firm has a 50-day simple moving average of $61.41 and a 200 day simple moving average of $57.74.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The company had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. During the same period in the prior year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was up 28.7% on a year-over-year basis. On average, sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current year.

Dutch Bros Company 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.