WINTON GROUP Ltd Sells 22,186 Shares of Dutch Bros Inc. $BROS

WINTON GROUP Ltd reduced its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 58.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,758 shares of the company’s stock after selling 22,186 shares during the quarter. WINTON GROUP Ltd’s holdings in Dutch Bros were worth $1,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. California State Teachers Retirement System raised its holdings in Dutch Bros by 7,083.4% during the 2nd quarter. California State Teachers Retirement System now owns 10,560,379 shares of the company’s stock worth $758,341,000 after purchasing an additional 10,413,368 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Dutch Bros in the 4th quarter valued at about $113,880,000. Westfield Capital Management Co. LP acquired a new stake in shares of Dutch Bros during the 4th quarter worth approximately $108,948,000. Norges Bank acquired a new stake in shares of Dutch Bros during the 4th quarter worth approximately $96,951,000. Finally, Balyasny Asset Management L.P. raised its stake in shares of Dutch Bros by 196.0% during the third quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock worth $95,112,000 after buying an additional 1,203,338 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Up 0.0%

Shares of NYSE:BROS opened at $43.91 on Monday. Dutch Bros Inc. has a 52 week low of $43.29 and a 52 week high of $74.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. The company has a market capitalization of $7.67 billion, a PE ratio of 60.99, a PEG ratio of 1.57 and a beta of 2.28. The company has a 50 day moving average price of $56.65 and a two-hundred day moving average price of $56.31.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $550.85 million for the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. Analysts forecast that Dutch Bros Inc. will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on BROS. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research report on Friday, July 17th. Robert W. Baird upgraded Dutch Bros to a “strong-buy” rating in a research report on Monday, August 24th. Royal Bank Of Canada decreased their price objective on Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Piper Sandler upped their price objective on Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Finally, TD Cowen cut their target price on Dutch Bros from $73.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.45.

Insider Activity at Dutch Bros

In other Dutch Bros news, Director Todd Penegor acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $51.56 per share, with a total value of $103,120.00. Following the purchase, the director owned 7,358 shares of the company’s stock, valued at $379,378.48. This represents a 37.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 38.90% of the stock is currently owned by corporate insiders.

Dutch Bros Profile

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company has expanded from a single coffee cart into a national chain with locations in more than 20 states.

Dutch Bros’ menu includes specialty espresso-based coffees, cold brew, teas, Dutch Bros Blue Rebel energy drinks, smoothies, lemonades, sodas and other flavored beverages. Its shops emphasize drive-thru convenience, customizable drinks and customer-focused service, with some locations also offering walk-up windows or limited indoor seating.

The company combines company-operated shops with franchised locations, although its growth strategy has increasingly emphasized company-operated stores.