Holocene Advisors LP Buys Shares of 212,392 Dutch Bros Inc. (NYSE:BROS)

Holocene Advisors LP purchased a new position in Dutch Bros Inc. (NYSE:BROS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 212,392 shares of the company’s stock, valued at approximately $6,803,000. Holocene Advisors LP owned approximately 0.14% of Dutch Bros as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BROS. Baillie Gifford & Co. purchased a new stake in shares of Dutch Bros during the third quarter valued at approximately $224,461,000. Wasatch Advisors LP boosted its stake in Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares during the last quarter. Marshall Wace LLP boosted its stake in Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock valued at $164,042,000 after purchasing an additional 527,716 shares during the last quarter. Driehaus Capital Management LLC raised its stake in shares of Dutch Bros by 11.0% in the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock worth $92,953,000 after purchasing an additional 222,650 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Dutch Bros by 58.0% during the third 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 in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

NYSE BROS opened at $54.38 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $55.10. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 187.52, a PEG ratio of 4.01 and a beta of 2.72. The company’s 50 day moving average is $39.88 and its two-hundred day moving average is $37.53.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 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 the consensus estimate 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 was up 27.9% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. As a group, research analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 285,462 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now owns 9,817 shares in the company, valued at $327,691.46. This trade represents a 96.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the sale, the insider now owns 712,819 shares in the company, valued at $22,810,208. This represents a 0.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,065,467 shares of company stock valued at $35,434,372 over the last 90 days. Company insiders own 46.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BROS shares. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Stifel Nicolaus increased their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. TD Cowen lifted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wedbush increased their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird raised their price target on Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.