JPMorgan Chase & Co. Sells 201,503 Shares of Dutch Bros Inc. (NYSE:BROS)

JPMorgan Chase & Co. decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 35.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 368,753 shares of the company's stock after selling 201,503 shares during the quarter. JPMorgan Chase & Co. owned about 0.24% of Dutch Bros worth $11,811,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of Dutch Bros by 6,655.1% during the 2nd quarter. Rhumbline Advisers now owns 84,776 shares of the company's stock worth $3,510,000 after acquiring an additional 83,521 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Dutch Bros by 12.6% during the 2nd quarter. Victory Capital Management Inc. now owns 19,918 shares of the company's stock worth $825,000 after acquiring an additional 2,223 shares during the period. Quest Partners LLC boosted its stake 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 purchasing an additional 764 shares during the period. Headlands Technologies LLC acquired a new position in Dutch Bros in the 2nd quarter valued at $113,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in Dutch Bros in the 2nd quarter valued at $2,112,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the transaction, the insider now owns 9,817 shares in the company, valued at $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock valued at $19,040,697 over the last 90 days. Company insiders own 46.50% of the company's stock.

Dutch Bros Trading Down 2.7 %

Dutch Bros stock traded down $1.57 during trading hours on Monday, hitting $55.64. The stock had a trading volume of 3,148,949 shares, compared to its average volume of 2,866,403. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 191.87, a P/E/G ratio of 3.89 and a beta of 2.71. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $59.18. The business's 50 day simple moving average is $51.52 and its 200-day simple moving average is $40.80.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating 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 the consensus estimate of $324.97 million. During the same period last year, the company earned $0.08 earnings per share. The business's quarterly revenue was up 27.9% on a year-over-year basis. On average, equities analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on BROS shares. Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Jefferies Financial Group upped their price objective on Dutch Bros from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, December 16th. UBS Group upped their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a "buy" rating in a report on Friday, December 6th. TD Cowen increased their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, William Blair reissued an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target 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.