Olympiad Research LP Takes $422,000 Position in Dutch Bros Inc. (NYSE:BROS)

Olympiad Research LP acquired a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,179 shares of the company's stock, valued at approximately $422,000.

Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Dutch Bros by 96.4% in the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company's stock valued at $901,000 after acquiring an additional 13,395 shares in the last quarter. Sciencast Management LP acquired a new stake in shares of Dutch Bros in the first quarter valued at $352,000. SG Americas Securities LLC acquired a new position in Dutch Bros during the first quarter worth about $200,000. Swiss National Bank raised its position in Dutch Bros by 33.5% in the first quarter. Swiss National Bank now owns 147,300 shares of the company's stock worth $4,861,000 after acquiring an additional 37,000 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Dutch Bros in the 1st quarter valued at about $4,430,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BROS has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an "overweight" rating in a report on Thursday. TD Cowen lifted their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday. Barclays decreased their price target on Dutch Bros from $35.00 to $31.00 and set an "equal weight" rating for the company in a research report on Friday, August 9th. Stifel Nicolaus cut their price objective on Dutch Bros from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, Robert W. Baird raised their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $43.60.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now owns 467,228 shares of the company's stock, valued at $14,759,732.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now directly owns 467,228 shares of the company's stock, valued at approximately $14,764,404.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 426,891 shares of the company's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now owns 467,228 shares of the company's stock, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock worth $55,164,707 in the last 90 days. 46.50% of the stock is owned by insiders.

Dutch Bros Stock Up 28.1 %

BROS traded up $9.83 during trading on Thursday, reaching $44.77. 19,350,371 shares of the stock traded hands, compared to its average volume of 2,786,879. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $50.24. The stock's 50-day simple moving average is $33.24 and its two-hundred day simple moving average is $34.92. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 179.08, a price-to-earnings-growth ratio of 3.64 and a beta of 2.47.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm's revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. As a group, equities research analysts expect that Dutch Bros Inc. will post 0.33 EPS for the current year.

Dutch Bros 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.