Aperture Investors LLC Sells 24,760 Shares of Dutch Bros Inc. $BROS

Aperture Investors LLC lessened its stake in Dutch Bros Inc. (NYSE:BROS) by 8.5% in the second quarter, HoldingsChannel reports. The firm owned 267,156 shares of the company’s stock after selling 24,760 shares during the period. Dutch Bros accounts for about 2.4% of Aperture Investors LLC’s holdings, making the stock its 19th biggest position. Aperture Investors LLC’s holdings in Dutch Bros were worth $18,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Dutch Bros by 8.9% during the 1st quarter. US Bancorp DE now owns 8,755 shares of the company’s stock worth $541,000 after buying an additional 712 shares during the period. PNC Financial Services Group Inc. raised its position 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 valued at $416,000 after acquiring an additional 1,367 shares during the period. Deutsche Bank AG boosted its stake in Dutch Bros by 12.2% during the 1st quarter. Deutsche Bank AG now owns 613,087 shares of the company’s stock worth $37,852,000 after acquiring an additional 66,819 shares during the last quarter. National Bank of Canada FI acquired a new position in Dutch Bros during the first quarter valued at approximately $1,211,000. Finally, Townsquare Capital LLC increased its stake in Dutch Bros by 68.8% in the first quarter. Townsquare Capital LLC now owns 6,456 shares of the company’s stock valued at $399,000 after purchasing an additional 2,631 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Trading Up 1.4%

NYSE BROS opened at $58.92 on Wednesday. Dutch Bros Inc. has a 52 week low of $47.16 and a 52 week high of $86.88. 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 stock’s 50 day moving average price is $55.05 and its two-hundred day moving average price is $61.73. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 117.84, a PEG ratio of 2.99 and a beta of 2.55.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The company had revenue of $423.58 million for the quarter, compared to the consensus estimate of $414.81 million. During the same period last year, the company earned $0.16 earnings per share. The firm’s revenue was up 25.3% compared to the same quarter last year. As a group, analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of Dutch Bros from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Morgan Stanley set a $84.00 target price on Dutch Bros in a report on Thursday, November 6th. Zacks Research cut Dutch Bros from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Stifel Nicolaus dropped their price target on Dutch Bros from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Wells Fargo & Company decreased their price objective on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average 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 Dutch Bros 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 sale, the chairman owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. The trade was a 99.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 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 $35,930,054.16. Following the sale, the insider owned 9,817 shares in the company, valued at $544,254.48. The trade was a 98.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,465,214 shares of company stock worth $189,800,291 over the last three months. Insiders own 42.40% of the company’s stock.

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.