Versor Investments LP Trims Stock Position in Dutch Bros Inc. (NYSE:BROS)

Versor Investments LP lessened its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 66.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,045 shares of the company's stock after selling 15,618 shares during the quarter. Versor Investments LP's holdings in Dutch Bros were worth $258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Dutch Bros during the 1st quarter valued at about $200,000. Swiss National Bank boosted its stake in Dutch Bros by 33.5% in the 1st quarter. Swiss National Bank now owns 147,300 shares of the company's stock worth $4,861,000 after purchasing an additional 37,000 shares in the last quarter. Sei Investments Co. grew its position in Dutch Bros by 94.3% during the 1st quarter. Sei Investments Co. now owns 65,607 shares of the company's stock worth $2,165,000 after purchasing an additional 31,838 shares during the last quarter. Blair William & Co. IL increased its stake in Dutch Bros by 7.5% during the 1st quarter. Blair William & Co. IL now owns 154,135 shares of the company's stock valued at $5,086,000 after purchasing an additional 10,798 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company's stock worth $211,604,000 after buying an additional 1,661,778 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

Shares of NYSE:BROS traded down $0.29 during trading on Friday, reaching $46.61. 3,322,924 shares of the company's stock traded hands, compared to its average volume of 3,725,341. 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 fifty-two week low of $25.46 and a fifty-two week high of $50.24. The company has a 50-day simple moving average of $35.48 and a 200-day simple moving average of $35.83. The firm has a market cap of $7.19 billion, a PE ratio of 160.73, a P/E/G ratio of 3.74 and a beta of 2.47.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analysts' expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. As a group, analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

BROS has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Barclays raised their price objective on Dutch Bros from $31.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. TD Cowen increased their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Piper Sandler lifted their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a "neutral" rating in a research note on Monday, November 11th. Finally, Wedbush upped their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $47.30.

Insider Transactions at Dutch Bros

In other Dutch Bros 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the company'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 sale, the chairman now owns 15,610 shares of the company's stock, valued at $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,689,583 shares of company stock valued at $55,164,707 over the last 90 days. Corporate 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.