Dynamic Technology Lab Private Ltd Purchases New Shares in Dutch Bros Inc. (NYSE:BROS)

Dynamic Technology Lab Private Ltd purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,766 shares of the company's stock, valued at approximately $1,786,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. bought a new stake in shares of Dutch Bros in the 3rd quarter worth about $224,461,000. Vanguard Group Inc. increased its holdings in Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company's stock valued at $211,604,000 after buying an additional 1,661,778 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Dutch Bros during the second quarter valued at approximately $57,435,000. Concurrent Investment Advisors LLC lifted its holdings in Dutch Bros by 846.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company's stock worth $51,353,000 after buying an additional 1,109,370 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Dutch Bros by 8,247.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company's stock worth $44,766,000 after acquiring an additional 1,068,352 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Dutch Bros Stock Performance

Shares of NYSE BROS traded up $1.06 during midday trading on Tuesday, hitting $52.97. 1,599,661 shares of the company's stock were exchanged, compared to its average volume of 2,838,766. Dutch Bros Inc. has a twelve month low of $25.46 and a twelve month high of $53.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The firm has a market cap of $8.17 billion, a P/E ratio of 180.21, a PEG ratio of 4.11 and a beta of 2.47. The stock's 50 day moving average price is $37.60 and its 200-day moving average price is $36.81.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm's quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. Equities research analysts anticipate that Dutch Bros Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Dutch Bros from $44.00 to $48.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. 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 report on Monday, November 11th. Robert W. Baird boosted their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, UBS Group raised their target price on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $47.30.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the sale, the insider now directly owns 9,817 shares of the company's stock, valued at approximately $327,691.46. This represents a 92.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 3,600 shares of Dutch Bros stock in a transaction that occurred on Thursday, September 5th. The stock was 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 directly owns 430,718 shares in the company, valued at $13,782,976. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,065,467 shares of company stock worth $35,434,372 in the last 90 days. Corporate insiders own 46.50% of the company's stock.

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.