Blueshift Asset Management LLC Has $1.51 Million Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Blueshift Asset Management LLC lifted its stake in Dutch Bros Inc. (NYSE:BROS) by 613.2% during the third quarter, Holdings Channel.com reports. The fund owned 47,102 shares of the company’s stock after buying an additional 40,498 shares during the period. Blueshift Asset Management LLC’s holdings in Dutch Bros were worth $1,509,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Dutch Bros by 46.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,957 shares of the company’s stock valued at $895,000 after purchasing an additional 8,873 shares during the period. Qsemble Capital Management LP lifted its position 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 during the last quarter. Independent Advisor Alliance boosted its stake in shares of Dutch Bros by 2.9% during the 3rd quarter. Independent Advisor Alliance now owns 18,073 shares of the company’s stock worth $579,000 after acquiring an additional 501 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Dutch Bros during the 3rd quarter worth approximately $1,786,000. Finally, Algert Global LLC lifted its holdings in Dutch Bros by 21.2% during the 3rd quarter. Algert Global LLC now owns 31,602 shares of the company’s stock valued at $1,012,000 after purchasing an additional 5,520 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BROS. Piper Sandler upped their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. TD Cowen increased their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wedbush increased their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price target on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.30.

Dutch Bros Stock Up 2.0 %

BROS stock opened at $52.97 on Wednesday. The company has a market cap of $8.17 billion, a PE ratio of 182.66, a price-to-earnings-growth ratio of 4.16 and a beta of 2.47. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $53.29. The business has a 50-day simple moving average of $37.60 and a 200 day simple moving average of $36.81.

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

Insider Activity

In other news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $32.39, for a total value of $6,038,079.02. Following the completion of the transaction, the insider now owns 512,300 shares of the company’s stock, valued at $16,593,397. This represents a 26.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 3,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $115,200.00. Following the completion of the transaction, the chairman now owns 430,718 shares of the company’s stock, valued at approximately $13,782,976. This trade represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,065,467 shares of company stock worth $35,434,372. Corporate insiders own 46.50% of the company’s stock.

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.