HBK Investments L P Has $11.21 Million Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

HBK Investments L P cut its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 30.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,000 shares of the company’s stock after selling 150,000 shares during the period. HBK Investments L P owned approximately 0.23% of Dutch Bros worth $11,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros during the third quarter valued at $224,461,000. Dynamic Technology Lab Private Ltd purchased a new position in Dutch Bros in the third quarter valued at about $1,786,000. Oppenheimer Asset Management Inc. purchased a new position in Dutch Bros in the third quarter valued at about $1,207,000. 1832 Asset Management L.P. purchased a new position in Dutch Bros in the second quarter valued at about $4,339,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Dutch Bros in the first quarter valued at about $2,072,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BROS shares. Barclays boosted their target price on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. TD Cowen upped their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler upped their price target on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. UBS Group upped their price target on Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.30.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the transaction, the insider now owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 24.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of Dutch Bros stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the transaction, the insider now owns 712,819 shares of the company’s stock, valued at approximately $22,810,208. The trade was a 0.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,065,467 shares of company stock worth $35,434,372 in the last 90 days. 46.50% of the stock is owned by company insiders.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $53.15 on Friday. Dutch Bros Inc. has a 1-year low of $25.46 and a 1-year high of $53.29. The firm has a market capitalization of $8.20 billion, a PE ratio of 183.28, a PEG ratio of 3.91 and a beta of 2.47. The business’s 50 day moving average is $38.70 and its 200-day moving average is $37.15. 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 (NYSE:BROS) last posted its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. Dutch Bros’s revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. Sell-side analysts predict that Dutch Bros Inc. will post 0.39 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.