GSA Capital Partners LLP Has $913,000 Stake in Dutch Bros Inc. (NYSE:BROS)

GSA Capital Partners LLP lowered its stake in Dutch Bros Inc. (NYSE:BROS) by 47.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,504 shares of the company’s stock after selling 25,959 shares during the period. GSA Capital Partners LLP’s holdings in Dutch Bros were worth $913,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after acquiring an additional 1,661,778 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Dutch Bros in the second quarter valued at approximately $57,435,000. Concurrent Investment Advisors LLC raised its position in shares of Dutch Bros by 846.7% in the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock valued at $51,353,000 after purchasing an additional 1,109,370 shares during the period. Joho Capital LLC lifted its stake in shares of Dutch Bros by 428.9% in the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after buying an additional 1,106,511 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Dutch Bros by 8,247.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company’s stock worth $44,766,000 after buying an additional 1,068,352 shares during the period. Institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the completion of the sale, the insider now owns 432,518 shares in the company, valued at $13,849,226.36. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. This trade represents a 47.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,689,583 shares of company stock valued at $55,164,707. 46.50% of the stock is currently owned by corporate insiders.

Dutch Bros Stock Down 0.6 %

Shares of BROS stock opened at $46.61 on Friday. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $50.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock has a fifty day moving average price of $35.48 and a 200 day moving average price of $35.83. The stock has a market cap of $7.19 billion, a P/E ratio of 160.72, a price-to-earnings-growth ratio of 3.81 and a beta of 2.47.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Stifel Nicolaus raised their target price on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a report on Thursday. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Piper Sandler increased their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.30.

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.