Dm Trust Aggregator, Llc Sells 4,600 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $34.01, for a total transaction of $156,446.00. Following the sale, the insider now directly owns 507,700 shares of the company’s stock, valued at approximately $17,266,877. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Dm Trust Aggregator, Llc also recently made the following trade(s):

• On Monday, September 9th, Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock. The shares were sold at an average price of $32.39, for a total transaction of $6,038,079.02.
• On Thursday, September 5th, Dm Trust Aggregator, Llc sold 1,800 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00.
• On Friday, August 23rd, Dm Trust Aggregator, Llc sold 400 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total transaction of $12,800.00.

Dutch Bros Stock Down 0.4 %

NYSE:BROS opened at $34.56 on Thursday. Dutch Bros Inc. has a one year low of $22.67 and a one year high of $43.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The company has a market cap of $6.12 billion, a PE ratio of 192.00, a P/E/G ratio of 2.70 and a beta of 2.49. The firm’s 50 day simple moving average is $34.56 and its 200 day simple moving average is $34.64.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, research analysts anticipate that Dutch Bros Inc. will post 0.32 earnings per share for the current year.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after acquiring an additional 1,661,778 shares during the last quarter. Marshall Wace LLP raised its holdings in Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after purchasing an additional 527,716 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Dutch Bros by 11.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock valued at $92,953,000 after purchasing an additional 222,650 shares during the last quarter. Davidson Kempner Capital Management LP increased its position in shares of Dutch Bros by 43.5% during the second quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock worth $65,626,000 after buying an additional 480,153 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Dutch Bros during the second quarter worth $57,435,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Robert W. Baird reduced their target price on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Dutch Bros in a research note on Thursday, September 12th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Wedbush restated an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.73.

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.