Dutch Bros Inc. (NYSE:BROS) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 222,300 shares of the company’s stock after selling 1,500 shares during the quarter. Swiss National Bank’s holdings in Dutch Bros were worth $7,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after buying an additional 1,661,778 shares in the last quarter. Quadrature Capital Ltd bought a new position in Dutch Bros in the 1st quarter worth approximately $455,000. Public Employees Retirement System of Ohio bought a new position in Dutch Bros in the 1st quarter worth approximately $2,072,000. Bayesian Capital Management LP bought a new position in Dutch Bros in the 1st quarter worth approximately $812,000. Finally, California State Teachers Retirement System grew its holdings in Dutch Bros by 34.7% in the 1st quarter. California State Teachers Retirement System now owns 67,175 shares of the company’s stock worth $2,217,000 after buying an additional 17,290 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler increased their price objective on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Barclays increased their price objective on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group increased their price target on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.30.

Insider Activity

In other news, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the sale, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This represents a 71.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the sale, the insider now owns 712,819 shares of the company’s stock, valued at $22,810,208. The trade was a 0.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,065,467 shares of company stock worth $35,434,372. Insiders own 46.50% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $51.93 on Tuesday. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $52.98. The stock has a fifty day moving average of $37.24 and a 200-day moving average of $36.67. The company has a market capitalization of $8.01 billion, a PE ratio of 179.01, a price-to-earnings-growth ratio of 4.11 and a beta of 2.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Dutch Bros (NYSE:BROS) last announced 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 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 in the prior year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. As a group, equities analysts anticipate that Dutch Bros Inc. will post 0.39 EPS for the current fiscal 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.