Dutch Bros Inc. (NYSE:BROS) Shares Sold by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC cut its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 50.0% during the first quarter, HoldingsChannel.com reports. The firm owned 5,010 shares of the company’s stock after selling 5,010 shares during the period. Hexagon Capital Partners LLC’s holdings in Dutch Bros were worth $309,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Dutch Bros by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock worth $533,465,000 after buying an additional 153,070 shares during the last quarter. FMR LLC boosted its holdings in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock worth $341,333,000 after acquiring an additional 3,227,435 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Dutch Bros by 14.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock worth $268,095,000 after acquiring an additional 627,875 shares during the last quarter. FIL Ltd purchased a new stake in shares of Dutch Bros during the fourth quarter worth about $176,298,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Dutch Bros during the fourth quarter valued at about $94,478,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 722,841 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the sale, the chairman directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the company’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the transaction, the insider directly owned 2,373,933 shares of the company’s stock, valued at $170,970,654.66. The trade was a 18.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,465,214 shares of company stock valued at $237,721,138. Insiders own 42.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BROS. Royal Bank Of Canada began coverage on shares of Dutch Bros in a research note on Wednesday, May 14th. They issued an “outperform” rating and a $83.00 target price for the company. TD Securities reiterated a “buy” rating and set a $78.00 price objective on shares of Dutch Bros in a research note on Thursday, May 8th. Piper Sandler dropped their price objective on shares of Dutch Bros from $70.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of Dutch Bros in a research report on Monday, March 31st. Finally, Guggenheim lifted their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.94.

Dutch Bros Trading Up 1.6%

Dutch Bros stock opened at $67.13 on Friday. The firm has a market cap of $11.04 billion, a PE ratio of 172.12, a P/E/G ratio of 4.02 and a beta of 2.65. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The stock’s 50 day simple moving average is $68.03 and its two-hundred day simple moving average is $64.60. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The firm had revenue of $355.15 million during the quarter, compared to analysts’ expectations of $343.30 million. During the same period in the previous year, the business posted $0.09 EPS. The business’s revenue was up 28.7% compared to the same quarter last year. Analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

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.