Barclays PLC Sells 95,868 Shares of Dutch Bros Inc. (NYSE:BROS)

Barclays PLC reduced its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 64.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,750 shares of the company's stock after selling 95,868 shares during the period. Barclays PLC's holdings in Dutch Bros were worth $1,721,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. grew its position in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock worth $27,000 after acquiring an additional 500 shares during the last quarter. Hollencrest Capital Management increased its position in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company's stock valued at $29,000 after buying an additional 314 shares during the period. Quest Partners LLC raised its position in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company's stock worth $33,000 after acquiring an additional 764 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Dutch Bros in the 3rd quarter valued at approximately $36,000. Finally, nVerses Capital LLC bought a new stake in shares of Dutch Bros during the third quarter valued at approximately $38,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the transaction, the insider now directly owns 125,671 shares of the company's stock, valued at approximately $4,527,926.13. This trade represents a 24.29 % 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 80,720 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the sale, the chairman now directly owns 125,671 shares of the company's stock, valued at $4,527,926.13. The trade was a 39.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 560,698 shares of company stock worth $19,040,697. 46.50% of the stock is owned by insiders.

Dutch Bros Stock Up 2.2 %

Shares of BROS stock traded up $1.22 during mid-day trading on Friday, hitting $57.42. The company's stock had a trading volume of 2,890,278 shares, compared to its average volume of 2,798,233. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 198.01, a PEG ratio of 3.89 and a beta of 2.71. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. Dutch Bros Inc. has a 52-week low of $25.46 and a 52-week high of $59.18. The business has a 50-day moving average price of $51.52 and a 200 day moving average price of $40.80.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results 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. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million for the quarter, compared to analysts' expectations of $324.97 million. During the same quarter in the prior year, the business earned $0.08 EPS. The business's revenue for the quarter was up 27.9% compared to the same quarter last year. Research analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on BROS shares. Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Piper Sandler lifted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a research report on Monday, November 11th. TD Cowen upped 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. Wedbush raised their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, Robert W. Baird raised Dutch Bros from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $60.00 to $70.00 in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Dutch Bros has an average rating of "Buy" and a consensus target price of $57.18.

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.