Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP lifted its stake in Dutch Bros Inc. (NYSE:BROS) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,053 shares of the company’s stock after purchasing an additional 2,347 shares during the period. Aigen Investment Management LP’s holdings in Dutch Bros were worth $1,667,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI purchased a new stake in shares of Dutch Bros in the 2nd quarter worth about $27,000. Quest Partners LLC raised its holdings in Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 764 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in Dutch Bros in the 1st quarter valued at $26,000. Jamison Private Wealth Management Inc. lifted its stake in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the period. Finally, Hollencrest Capital Management boosted its holdings in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Up 0.2 %

Shares of NYSE:BROS traded up $0.09 during midday trading on Tuesday, reaching $48.53. The company had a trading volume of 333,273 shares, compared to its average volume of 2,813,104. The stock has a market capitalization of $7.48 billion, a P/E ratio of 167.04, a PEG ratio of 5.20 and a beta of 2.47. The stock’s fifty day moving average price is $34.20 and its 200-day moving average price is $35.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $50.24.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.58%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 EPS. Equities research analysts expect that Dutch Bros Inc. will post 0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BROS shares. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Piper Sandler raised their price objective on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday. UBS Group lifted their price target on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Wedbush raised their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, TD Cowen upped their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $45.80.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares in the company, valued at $4,527,926.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of Dutch Bros 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 $2,908,341.60. Following the completion of the transaction, the chairman now directly owns 125,671 shares in the company, valued at $4,527,926.13. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the firm’s 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 completion of the sale, the insider now directly owns 125,671 shares in the company, valued at approximately $4,527,926.13. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock valued at $55,164,707 in the last quarter. Insiders own 46.50% of the company’s stock.

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.