Dutch Bros Inc. (NYSE:BROS) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its stake in Dutch Bros Inc. (NYSE:BROS) by 14.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 22,947 shares of the company’s stock after selling 3,801 shares during the quarter. Natixis Advisors LLC’s holdings in Dutch Bros were worth $735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new stake in shares of Dutch Bros in the second quarter worth about $27,000. Quest Partners LLC boosted its position in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the period. Jamison Private Wealth Management Inc. boosted its position in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Hollencrest Capital Management boosted its position in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the period. Finally, Abound Wealth Management purchased a new stake in shares of Dutch Bros in the second quarter worth about $39,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 285,462 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the sale, the chairman now directly owns 9,817 shares in the company, valued at approximately $327,691.46. This represents a 96.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction that occurred 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 sale, the insider now owns 125,671 shares in the company, valued at $4,527,926.13. The trade was a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,065,467 shares of company stock worth $35,434,372. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Trading Up 0.3 %

NYSE:BROS opened at $53.14 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $37.96 and its two-hundred day moving average is $36.93. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $53.29. The company has a market cap of $8.19 billion, a PE ratio of 181.39, a P/E/G ratio of 4.16 and a beta of 2.47.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on BROS shares. Robert W. Baird increased their price target on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Piper Sandler increased their price target on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Wedbush increased their price target on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Stifel Nicolaus increased their price target on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.30.

Dutch Bros Company 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.