Numerai GP LLC Acquires 2,528 Shares of Dutch Bros Inc. (NYSE:BROS)

Numerai GP LLC lifted its holdings in Dutch Bros Inc. (NYSE:BROS) by 14.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,643 shares of the company’s stock after buying an additional 2,528 shares during the period. Numerai GP LLC’s holdings in Dutch Bros were worth $1,029,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Dutch Bros by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock worth $533,465,000 after acquiring an additional 153,070 shares in the last quarter. FMR LLC increased its position in Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after buying an additional 3,227,435 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Dutch Bros by 14.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock valued at $268,095,000 after buying an additional 627,875 shares in the last quarter. FIL Ltd bought a new stake in Dutch Bros in the 4th quarter valued at about $176,298,000. Finally, Raymond James Financial Inc. bought a new stake in Dutch Bros in the 4th quarter valued at about $94,478,000. 85.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America boosted their target price on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Stifel Nicolaus cut their price target on Dutch Bros from $85.00 to $82.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Wells Fargo & Company began coverage on Dutch Bros in a research note on Wednesday, March 26th. They set an “overweight” rating and a $80.00 price target for the company. Finally, Guggenheim lifted their price target on Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, March 31st. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $75.73.

Dutch Bros Trading Up 2.0%

Shares of BROS stock opened at $71.62 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a 52-week low of $26.96 and a 52-week high of $86.88. The company has a market capitalization of $11.04 billion, a PE ratio of 210.65, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The business’s fifty day moving average is $61.26 and its 200 day moving average is $58.88.

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

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the transaction, the insider now directly owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This trade represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 20.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 over the last 90 days. Corporate insiders own 42.40% of the company’s stock.

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.