LMR Partners LLP Purchases Shares of 122,000 Dutch Bros Inc. (NYSE:BROS)

LMR Partners LLP purchased a new stake in Dutch Bros Inc. (NYSE:BROS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 122,000 shares of the company’s stock, valued at approximately $3,908,000. LMR Partners LLP owned approximately 0.08% of Dutch Bros at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros during the third quarter valued at about $224,461,000. SG Americas Securities LLC acquired a new position in shares of Dutch Bros during the first quarter valued at about $200,000. 1832 Asset Management L.P. purchased a new position in Dutch Bros during the second quarter worth about $4,339,000. Public Employees Retirement System of Ohio purchased a new position in Dutch Bros in the first quarter valued at about $2,072,000. Finally, Sei Investments Co. raised its position in shares of Dutch Bros by 94.3% in the first quarter. Sei Investments Co. now owns 65,607 shares of the company’s stock valued at $2,165,000 after purchasing an additional 31,838 shares during the period. 85.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Piper Sandler upped 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. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. TD Cowen upped their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price target on shares of Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.30.

Dutch Bros Stock Up 2.4 %

Shares of NYSE BROS opened at $47.72 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $50.24. The firm has a market capitalization of $7.36 billion, a PE ratio of 164.56, a price-to-earnings-growth ratio of 3.74 and a beta of 2.47. The firm has a fifty day simple moving average of $35.48 and a two-hundred day simple moving average of $35.89.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same period in the prior year, the business earned $0.08 EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. Equities analysts expect that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 800 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the transaction, the chairman now directly owns 466,828 shares in the company, valued at $14,938,496. This trade represents a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total transaction of $919,294.20. Following the completion of the transaction, the insider now owns 432,518 shares of the company’s stock, valued at approximately $13,849,226.36. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,095,377 shares of company stock worth $36,392,066 in the last three months. 46.50% of the stock is owned by corporate insiders.

Dutch Bros 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.