Olympiad Research LP Takes $422,000 Position in Dutch Bros Inc. (NYSE:BROS)

Olympiad Research LP acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 13,179 shares of the company’s stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BROS. Vanguard Group Inc. boosted its stake in shares of Dutch Bros by 35.0% during the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after purchasing an additional 1,661,778 shares in the last quarter. Marshall Wace LLP raised its holdings in Dutch Bros by 15.4% in the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock valued at $164,042,000 after buying an additional 527,716 shares during the last quarter. Driehaus Capital Management LLC raised its holdings in Dutch Bros by 11.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock valued at $92,953,000 after buying an additional 222,650 shares during the last quarter. Davidson Kempner Capital Management LP grew its holdings in Dutch Bros by 43.5% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock worth $65,626,000 after acquiring an additional 480,153 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Dutch Bros in the 2nd quarter valued at approximately $57,435,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on BROS. Stifel Nicolaus cut their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen increased their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Thursday, August 15th. Barclays dropped their price objective on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Robert W. Baird decreased their target price on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.80.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the transaction, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the transaction, the insider now directly owns 712,819 shares of the company’s stock, valued at $22,810,208. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock worth $55,164,707 over the last ninety days. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Stock Up 24.9 %

Shares of NYSE:BROS opened at $43.63 on Thursday. The company has a market capitalization of $6.73 billion, a PE ratio of 139.72, a price-to-earnings-growth ratio of 3.68 and a beta of 2.47. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $43.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The business has a fifty day moving average price of $33.24 and a two-hundred day moving average price of $34.92.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. During the same period in the previous year, the company earned $0.07 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. Analysts forecast that Dutch Bros Inc. will post 0.33 earnings per share for the current year.

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.