Penserra Capital Management LLC Sells 22,730 Shares of Dutch Bros Inc. $BROS

Penserra Capital Management LLC reduced its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 80.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,655 shares of the company’s stock after selling 22,730 shares during the quarter. Penserra Capital Management LLC’s holdings in Dutch Bros were worth $386,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. M&T Bank Corp boosted its holdings in Dutch Bros by 69.7% during the 1st quarter. M&T Bank Corp now owns 9,558 shares of the company’s stock valued at $590,000 after acquiring an additional 3,925 shares during the period. Nisa Investment Advisors LLC purchased a new position in Dutch Bros in the 1st quarter worth approximately $417,000. Cerity Partners LLC bought a new stake in Dutch Bros in the first quarter valued at approximately $1,688,000. Xponance Inc. boosted its stake in shares of Dutch Bros by 6.2% during the first quarter. Xponance Inc. now owns 9,319 shares of the company’s stock valued at $575,000 after purchasing an additional 540 shares during the period. Finally, CWM LLC grew its holdings in shares of Dutch Bros by 652.9% in the first quarter. CWM LLC now owns 27,111 shares of the company’s stock worth $1,674,000 after purchasing an additional 23,510 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 787,681 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the completion of the transaction, the chairman owned 975,031 shares of the company’s stock, valued at approximately $67,218,637.14. This trade represents a 44.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 27.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,161,101 shares of company stock worth $207,633,882 over the last 90 days. 42.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on BROS. Wells Fargo & Company decreased their target price on shares of Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Guggenheim boosted their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Piper Sandler dropped their target price on shares of Dutch Bros from $73.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Zacks Research upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Morgan Stanley set a $84.00 price target on Dutch Bros in a research report on Thursday, November 6th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $76.72.

Dutch Bros Price Performance

BROS stock opened at $57.54 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.32. Dutch Bros Inc. has a 1 year low of $45.99 and a 1 year high of $86.88. The firm has a 50-day moving average of $56.38 and a 200 day moving average of $62.96. The company has a market cap of $9.47 billion, a P/E ratio of 115.08, a PEG ratio of 2.86 and a beta of 2.56.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The business had revenue of $423.58 million for the quarter, compared to analysts’ expectations of $414.81 million. During the same period in the previous year, the firm posted $0.16 EPS. The business’s revenue was up 25.3% on a year-over-year basis. Dutch Bros has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

About Dutch Bros

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.