Oak Thistle LLC Sells 8,461 Shares of Dutch Bros Inc. (NYSE:BROS)

Oak Thistle LLC lessened its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 58.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,938 shares of the company's stock after selling 8,461 shares during the quarter. Oak Thistle LLC's holdings in Dutch Bros were worth $311,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BROS. Victory Capital Management Inc. lifted its stake in Dutch Bros by 12.6% during the 2nd quarter. Victory Capital Management Inc. now owns 19,918 shares of the company's stock valued at $825,000 after acquiring an additional 2,223 shares in the last quarter. Quest Partners LLC grew 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. State of New Jersey Common Pension Fund D purchased a new stake in shares of Dutch Bros during the 2nd quarter valued at $2,112,000. Envestnet Asset Management Inc. raised its stake in shares of Dutch Bros by 109.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 106,562 shares of the company's stock worth $4,412,000 after purchasing an additional 55,590 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Dutch Bros by 257.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 154,598 shares of the company's stock worth $6,401,000 after purchasing an additional 111,398 shares during the period. Hedge funds and other institutional investors own 85.54% of the company's stock.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded down $0.65 during midday trading on Friday, reaching $59.82. 2,196,408 shares of the company traded hands, compared to its average volume of 1,872,244. The firm's fifty day moving average price is $53.53 and its two-hundred day moving average price is $41.40. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 206.28, a price-to-earnings-growth ratio of 3.16 and a beta of 2.71. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $61.33.

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 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 for the quarter, compared to analysts' expectations of $324.97 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company's revenue was up 27.9% on a year-over-year basis. On average, equities analysts expect that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Piper Sandler raised their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. UBS Group raised their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Jefferies Financial Group upped their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday. Stifel Nicolaus raised their target price on Dutch Bros from $53.00 to $62.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price target on Dutch Bros from $48.00 to $58.00 and gave the company an "overweight" rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $58.00.

Insider Buying and Selling

In related 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 shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the sale, the insider now directly owns 9,817 shares of the company's stock, valued at $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares of the company's stock, valued at approximately $522,622.80. This represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 560,698 shares of company stock valued at $19,040,697. Company 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.