Aigen Investment Management LP Raises Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Aigen Investment Management LP grew its holdings in Dutch Bros Inc. (NYSE:BROS) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,053 shares of the company’s stock after buying an additional 2,347 shares during the quarter. Aigen Investment Management LP’s holdings in Dutch Bros were worth $1,667,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BROS. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros during the 3rd quarter worth approximately $224,461,000. Vanguard Group Inc. increased its stake in Dutch Bros by 35.0% during the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after acquiring an additional 1,661,778 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Dutch Bros in the second quarter valued at $57,435,000. Concurrent Investment Advisors LLC lifted its stake in shares of Dutch Bros by 846.7% in the 2nd 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 last quarter. Finally, Joho Capital LLC lifted its stake in shares of Dutch Bros by 428.9% in the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Up 0.2 %

BROS stock traded up $0.09 during midday trading on Tuesday, reaching $48.53. 333,273 shares of the company were exchanged, compared to its average volume of 2,813,104. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 167.04, a price-to-earnings-growth ratio of 5.20 and a beta of 2.47. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros Inc. has a 1-year low of $25.46 and a 1-year high of $50.24. The stock’s 50-day simple moving average is $34.20 and its 200 day simple moving average is $35.35.

Dutch Bros (NYSE:BROS) last released its quarterly 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 company had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.58% and a net margin of 2.54%. The firm’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, equities analysts forecast that Dutch Bros Inc. will post 0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

BROS has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Wedbush increased their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. TD Cowen increased 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. UBS Group lifted their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Piper Sandler increased their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday. Three investment 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 a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the transaction, the chairman now directly owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is owned by company insiders.

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.