Dutch Bros Inc. (NYSE:BROS) Position Increased by Shellback Capital LP

Shellback Capital LP lifted its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 649.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 608,339 shares of the company's stock after buying an additional 527,161 shares during the quarter. Dutch Bros makes up 1.8% of Shellback Capital LP's investment portfolio, making the stock its 14th largest position. Shellback Capital LP owned about 0.34% of Dutch Bros worth $25,185,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Dutch Bros by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 296,939 shares of the company's stock valued at $9,404,000 after purchasing an additional 14,158 shares during the last quarter. UBS Group AG lifted its holdings in shares of Dutch Bros by 126.4% during the 4th quarter. UBS Group AG now owns 327,142 shares of the company's stock worth $10,361,000 after acquiring an additional 182,658 shares during the period. D.A. Davidson & CO. boosted its position in shares of Dutch Bros by 10.0% in the fourth quarter. D.A. Davidson & CO. now owns 14,172 shares of the company's stock worth $449,000 after acquiring an additional 1,294 shares during the last quarter. Trexquant Investment LP purchased a new stake in Dutch Bros in the fourth quarter valued at approximately $1,041,000. Finally, Steward Partners Investment Advisory LLC increased its position in Dutch Bros by 9.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,316 shares of the company's stock worth $548,000 after purchasing an additional 1,441 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 800 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the transaction, the chairman now directly owns 466,828 shares of the company's stock, valued at approximately $14,938,496. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total value of $919,294.20. Following the completion of the sale, the insider now directly owns 432,518 shares of the company's stock, valued at $13,849,226.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 800 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the sale, the chairman now owns 466,828 shares in the company, valued at approximately $14,938,496. The disclosure for this sale can be found here. Insiders sold a total of 1,128,885 shares of company stock worth $36,124,009 in the last 90 days. 46.50% of the stock is owned by corporate insiders.

Dutch Bros Stock Down 0.7 %

Shares of NYSE BROS traded down $0.22 during trading on Friday, reaching $32.45. 2,290,865 shares of the stock were exchanged, compared to its average volume of 2,774,653. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 180.29, a price-to-earnings-growth ratio of 2.84 and a beta of 2.49. The business's 50-day moving average price is $33.61 and its 200 day moving average price is $34.77. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. Dutch Bros Inc. has a twelve month low of $22.67 and a twelve month high of $43.49.

Dutch Bros (NYSE:BROS - Get Free Report) last issued 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. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. During the same quarter in the previous year, the business posted $0.07 EPS. The firm's revenue was up 30.0% compared to the same quarter last year. As a group, equities analysts forecast that Dutch Bros Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BROS shares. Wedbush reissued an "outperform" rating and set a $45.00 price objective on shares of Dutch Bros in a research note on Thursday, August 8th. Piper Sandler lowered Dutch Bros from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Guggenheim raised Dutch Bros from a "neutral" rating to a "buy" rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their target price on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Monday, June 3rd. Finally, Stifel Nicolaus reduced their price target on shares of Dutch Bros from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $39.73.

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.