Dutch Bros Inc. $BROS Position Lowered by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,321 shares of the company’s stock after selling 351 shares during the period. Chicago Partners Investment Group LLC’s holdings in Dutch Bros were worth $460,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Blair William & Co. IL lifted its holdings in Dutch Bros by 27.6% during the 2nd quarter. Blair William & Co. IL now owns 228,604 shares of the company’s stock worth $15,630,000 after buying an additional 49,501 shares during the last quarter. Joule Financial LLC bought a new position in Dutch Bros during the second quarter worth $724,000. Berkshire Capital Holdings Inc. bought a new position in Dutch Bros during the first quarter worth $6,438,000. Jump Financial LLC lifted its stake in Dutch Bros by 47.3% during the first quarter. Jump Financial LLC now owns 223,771 shares of the company’s stock worth $13,816,000 after purchasing an additional 71,834 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in Dutch Bros during the second quarter worth $850,000. Institutional investors own 85.54% of the company’s stock.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the sale, the insider owned 1,279,144 shares of the company’s stock, valued at $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 787,681 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.94, for a total value of $54,302,728.14. Following the sale, the chairman directly owned 975,031 shares in the company, valued at approximately $67,218,637.14. The trade was a 44.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,161,101 shares of company stock worth $207,633,882 over the last 90 days. 42.40% of the stock is owned by insiders.

Dutch Bros Stock Down 0.9%

Shares of Dutch Bros stock opened at $57.00 on Thursday. The business’s fifty day moving average price is $59.97 and its two-hundred day moving average price is $63.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The company has a market capitalization of $9.38 billion, a P/E ratio of 121.27, a PEG ratio of 3.18 and a beta of 2.55. Dutch Bros Inc. has a 1-year low of $32.68 and a 1-year high of $86.88.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. During the same quarter in the previous year, the business earned $0.19 EPS. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. As a group, research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BROS shares. CICC Research started coverage on shares of Dutch Bros in a research report on Monday, June 30th. They issued an “outperform” rating and a $80.00 price target on the stock. The Goldman Sachs Group cut their target price on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Barclays cut their target price on shares of Dutch Bros from $92.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday. Guggenheim raised their price target on Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Wells Fargo & Company cut their price target on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.82.

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.