1832 Asset Administration L.P. purchased a brand new place in shares of Dutch Bros Inc. (NYSE:BROS – Free Report) through the second quarter, in accordance with its most up-to-date submitting with the Securities & Alternate Fee. The institutional investor purchased 104,800 shares of the corporate’s inventory, valued at roughly $4,339,000.
A number of different hedge funds have additionally modified their holdings of BROS. Charles Schwab Funding Administration Inc. lifted its holdings in Dutch Bros by 5.0% through the 4th quarter. Charles Schwab Funding Administration Inc. now owns 296,939 shares of the corporate’s inventory price $9,404,000 after shopping for a further 14,158 shares within the final quarter. UBS Group AG raised its place in shares of Dutch Bros by 126.4% through the fourth quarter. UBS Group AG now owns 327,142 shares of the corporate’s inventory price $10,361,000 after buying a further 182,658 shares over the past quarter. D.A. Davidson & CO. lifted its stake in shares of Dutch Bros by 10.0% through the fourth quarter. D.A. Davidson & CO. now owns 14,172 shares of the corporate’s inventory valued at $449,000 after buying a further 1,294 shares through the interval. Trexquant Funding LP purchased a brand new place in Dutch Bros within the fourth quarter valued at about $1,041,000. Lastly, Steward Companions Funding Advisory LLC elevated its place in Dutch Bros by 9.1% within the fourth quarter. Steward Companions Funding Advisory LLC now owns 17,316 shares of the corporate’s inventory price $548,000 after buying a further 1,441 shares through the interval. 85.54% of the inventory is owned by institutional buyers.
Dutch Bros Inventory Efficiency
BROS inventory opened at $33.95 on Wednesday. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year excessive of $43.49. The corporate has a present ratio of two.19, a fast ratio of 1.88 and a debt-to-equity ratio of 0.82. The agency has a market cap of $6.02 billion, a PE ratio of 188.61, a P/E/G ratio of two.70 and a beta of two.49. The enterprise’s 50-day shifting common worth is $34.01 and its two-hundred day shifting common worth is $34.80.
Dutch Bros (NYSE:BROS – Get Free Report) final posted its quarterly earnings information on Wednesday, August seventh. The corporate reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The enterprise had income of $324.92 million for the quarter, in comparison with analysts’ expectations of $317.39 million. Dutch Bros had a web margin of 1.95% and a return on fairness of three.99%. The agency’s income was up 30.0% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the agency posted $0.07 EPS. As a gaggle, analysis analysts forecast that Dutch Bros Inc. will publish 0.32 earnings per share for the present yr.
Wall Avenue Analysts Forecast Progress
Various analysis companies have issued experiences on BROS. JPMorgan Chase & Co. upped their goal worth on shares of Dutch Bros from $40.00 to $44.00 and gave the corporate an “obese” ranking in a analysis report on Monday, June third. Robert W. Baird decreased their worth goal on shares of Dutch Bros from $42.00 to $37.00 and set a “impartial” ranking on the inventory in a analysis notice on Thursday, August eighth. Guggenheim raised shares of Dutch Bros from a “impartial” ranking to a “purchase” ranking in a report on Thursday, August eighth. Wedbush reissued an “outperform” ranking and issued a $45.00 worth goal on shares of Dutch Bros in a analysis notice on Thursday, August eighth. Lastly, UBS Group raised Dutch Bros from a “impartial” ranking to a “purchase” ranking and set a $39.00 worth goal for the corporate in a analysis notice on Thursday, August fifteenth. Three equities analysis analysts have rated the inventory with a maintain ranking and eight have issued a purchase ranking to the inventory. Based mostly on information from MarketBeat, Dutch Bros has a consensus ranking of “Reasonable Purchase” and a consensus worth goal of $39.73.
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Insider Transactions at Dutch Bros
In associated information, main shareholder Dm Particular person Aggregator, Llc bought 167,315 shares of Dutch Bros inventory in a transaction that occurred on Monday, August nineteenth. The inventory was bought at a mean worth of $31.60, for a complete worth of $5,287,154.00. Following the sale, the insider now owns 467,228 shares of the corporate’s inventory, valued at roughly $14,764,404.80. The sale was disclosed in a authorized submitting with the SEC, which might be accessed by this hyperlink. In associated information, Chairman Travis Boersma bought 800 shares of the inventory in a transaction that occurred on Friday, August twenty third. The inventory was bought at a mean worth of $32.00, for a complete transaction of $25,600.00. Following the completion of the transaction, the chairman now immediately owns 466,828 shares of the corporate’s inventory, valued at $14,938,496. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by the SEC web site. Additionally, main shareholder Dm Particular person Aggregator, Llc bought 167,315 shares of the inventory in a transaction that occurred on Monday, August nineteenth. The shares had been bought at a mean worth of $31.60, for a complete worth of $5,287,154.00. Following the completion of the sale, the insider now immediately owns 467,228 shares of the corporate’s inventory, valued at roughly $14,764,404.80. The disclosure for this sale might be discovered right here. Insiders bought 1,128,885 shares of firm inventory valued at $36,124,009 during the last three months. Firm insiders personal 46.50% of the corporate’s inventory.
About Dutch Bros
Dutch Bros Inc, along with its subsidiaries, operates and franchises drive-thru outlets in america. The corporate operates by Firm-Operated Retailers and Franchising and Different segments. It serves by company-operated outlets and on-line channels below Dutch Bros; Dutch Bros Espresso; Dutch Bros Insurgent; Dutch Bros; and Blue Insurgent manufacturers.
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