Crestwood Capital Management L.P. Reduces Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Crestwood Capital Management L.P. lowered its stake in Dutch Bros Inc. (NYSE:BROS) by 11.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 345,379 shares of the company’s stock after selling 43,630 shares during the period. Dutch Bros accounts for approximately 8.5% of Crestwood Capital Management L.P.’s holdings, making the stock its 5th biggest position. Crestwood Capital Management L.P.’s holdings in Dutch Bros were worth $11,062,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Qsemble Capital Management LP increased its holdings in shares of Dutch Bros by 306.5% in the third quarter. Qsemble Capital Management LP now owns 33,019 shares of the company’s stock valued at $1,058,000 after buying an additional 24,897 shares in the last quarter. Independent Advisor Alliance increased its holdings in shares of Dutch Bros by 2.9% in the third quarter. Independent Advisor Alliance now owns 18,073 shares of the company’s stock valued at $579,000 after buying an additional 501 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Dutch Bros in the third quarter valued at $1,786,000. Algert Global LLC increased its holdings in shares of Dutch Bros by 21.2% in the third quarter. Algert Global LLC now owns 31,602 shares of the company’s stock valued at $1,012,000 after buying an additional 5,520 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Dutch Bros by 58.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after purchasing an additional 741,771 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Up 1.4 %

NYSE BROS opened at $51.93 on Tuesday. Dutch Bros Inc. has a 1-year low of $25.46 and a 1-year high of $52.98. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $8.01 billion, a PE ratio of 179.08, a price-to-earnings-growth ratio of 4.11 and a beta of 2.47. The firm’s fifty day simple moving average is $37.24 and its 200-day simple moving average is $36.67.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period in the prior year, the business posted $0.08 earnings per share. Dutch Bros’s revenue for the quarter was up 27.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.39, for a total value of $6,038,079.02. Following the completion of the sale, the insider now directly owns 512,300 shares in the company, valued at approximately $16,593,397. This represents a 26.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the sale, the chairman now owns 15,610 shares of the company’s stock, valued at $522,622.80. This represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,065,467 shares of company stock valued at $35,434,372. 46.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BROS. Barclays boosted their target price on shares of Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Robert W. Baird boosted their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Piper Sandler boosted their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Wedbush boosted their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, UBS Group boosted their target price on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average price target of $47.30.

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.