LMR Partners LLP Takes $3.91 Million Position in Dutch Bros Inc. (NYSE:BROS)

LMR Partners LLP purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 122,000 shares of the company’s stock, valued at approximately $3,908,000.

Other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. purchased a new stake in shares of Dutch Bros during the 3rd quarter valued at about $224,461,000. SG Americas Securities LLC purchased a new stake in shares of Dutch Bros during the 1st quarter valued at about $200,000. 1832 Asset Management L.P. purchased a new stake in shares of Dutch Bros during the 2nd quarter valued at about $4,339,000. Public Employees Retirement System of Ohio purchased a new position in shares of Dutch Bros in the first quarter worth approximately $2,072,000. Finally, Sei Investments Co. boosted its holdings in shares of Dutch Bros by 94.3% in the first quarter. Sei Investments Co. now owns 65,607 shares of the company’s stock worth $2,165,000 after buying an additional 31,838 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total value of $919,294.20. Following the sale, the insider now owns 432,518 shares in the company, valued at approximately $13,849,226.36. The trade was a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 285,462 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the completion of the sale, the chairman now owns 9,817 shares in the company, valued at $327,691.46. This represents a 96.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,095,377 shares of company stock worth $36,392,066 over the last quarter. Insiders own 46.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BROS. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. TD Cowen raised their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group raised their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Wedbush raised their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.30.

Dutch Bros Trading Up 2.4 %

Dutch Bros stock opened at $47.72 on Tuesday. The stock has a market cap of $7.36 billion, a P/E ratio of 164.56, a PEG ratio of 3.74 and a beta of 2.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $50.24. The firm’s 50 day moving average price is $35.48 and its 200-day moving average price is $35.89.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. On average, equities analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal 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.