GSA Capital Partners LLP Sells 25,959 Shares of Dutch Bros Inc. (NYSE:BROS)

GSA Capital Partners LLP lowered its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 47.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,504 shares of the company's stock after selling 25,959 shares during the quarter. GSA Capital Partners LLP's holdings in Dutch Bros were worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BROS. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros in the second quarter valued at approximately $27,000. Quest Partners LLC increased its position in Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company's stock valued at $33,000 after acquiring an additional 764 shares during the period. Transcendent Capital Group LLC bought a new stake in Dutch Bros during the 1st quarter valued at $26,000. Jamison Private Wealth Management Inc. boosted 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 period. Finally, Hollencrest Capital Management boosted its position in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock worth $29,000 after acquiring an additional 314 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BROS. Robert W. Baird lifted their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Piper Sandler boosted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. 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 report on Thursday. UBS Group raised their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, TD Cowen upped their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros currently has an average rating of "Moderate Buy" and an average target price of $47.30.

Dutch Bros Trading Down 0.6 %

Shares of Dutch Bros stock traded down $0.29 on Friday, reaching $46.61. 3,322,924 shares of the company were exchanged, compared to its average volume of 3,725,341. The stock has a fifty day moving average price of $35.48 and a 200-day moving average price of $35.83. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 160.73, a price-to-earnings-growth ratio of 3.74 and a beta of 2.47. Dutch Bros Inc. has a fifty-two week low of $25.46 and a fifty-two week high of $50.24.

Dutch Bros (NYSE:BROS - Get Free Report) 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. The business 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 firm's quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. On average, analysts expect that Dutch Bros Inc. will post 0.39 EPS for the current year.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction 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 directly owns 467,228 shares in the company, valued at approximately $14,759,732.52. This trade represents a 47.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the transaction, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. This trade represents a 26.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,689,583 shares of company stock valued at $55,164,707 over the last quarter. Company 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.