Qube Research & Technologies Ltd Decreases Stock Position in Dutch Bros Inc. $BROS

Qube Research & Technologies Ltd trimmed its position in shares of Dutch Bros Inc. (NYSE:BROS) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,747,325 shares of the company’s stock after selling 37,121 shares during the quarter. Qube Research & Technologies Ltd owned 1.06% of Dutch Bros worth $119,465,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Dutch Bros by 25.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,744 shares of the company’s stock worth $416,000 after acquiring an additional 1,367 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Dutch Bros by 12.2% during the first quarter. Deutsche Bank AG now owns 613,087 shares of the company’s stock valued at $37,852,000 after buying an additional 66,819 shares during the period. National Bank of Canada FI purchased a new position in shares of Dutch Bros during the first quarter valued at approximately $1,211,000. Townsquare Capital LLC grew its stake in shares of Dutch Bros by 68.8% during the first quarter. Townsquare Capital LLC now owns 6,456 shares of the company’s stock valued at $399,000 after buying an additional 2,631 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Dutch Bros by 16.4% in the first quarter. Invesco Ltd. now owns 1,365,281 shares of the company’s stock worth $84,292,000 after buying an additional 192,458 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of BROS opened at $61.05 on Thursday. The business’s 50-day moving average is $55.24 and its two-hundred day moving average is $61.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.32 and a current ratio of 1.52. The company has a market capitalization of $10.04 billion, a P/E ratio of 122.10, a P/E/G ratio of 3.04 and a beta of 2.55. Dutch Bros Inc. has a fifty-two week low of $47.16 and a fifty-two week high of $86.88.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping 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 analyst estimates of $414.81 million. During the same quarter in the prior year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. Research analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

BROS has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. TD Cowen restated a “buy” rating and set a $70.00 price objective on shares of Dutch Bros in a report on Monday, December 1st. Piper Sandler reduced their price target 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. UBS Group reaffirmed a “buy” rating and set a $85.00 price objective on shares of Dutch Bros in a research report on Tuesday, October 28th. Finally, Morgan Stanley set a $84.00 price target on shares of Dutch Bros in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $76.67.

Insider Activity

In related news, Chairman Travis Boersma sold 1,678,616 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $93,062,471.04. Following the completion of the transaction, the chairman owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. This represents a 99.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $35,930,054.16. Following the transaction, the insider owned 9,817 shares in the company, valued at $544,254.48. This represents a 98.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,465,214 shares of company stock worth $189,800,291. Corporate insiders own 42.40% 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.