Squarepoint Ops LLC Purchases 29,259 Shares of Dutch Bros Inc. (NYSE:BROS)

Squarepoint Ops LLC raised its position in Dutch Bros Inc. (NYSE:BROS) by 17.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,170 shares of the company’s stock after purchasing an additional 29,259 shares during the period. Squarepoint Ops LLC’s holdings in Dutch Bros were worth $8,204,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BROS. Arcadia Investment Management Corp MI bought a new stake in Dutch Bros during the second quarter valued at $27,000. Quest Partners LLC raised its holdings in shares of 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 in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Dutch Bros during the 1st quarter valued at about $26,000. Abound Wealth Management purchased a new position in shares of Dutch Bros during the second quarter worth about $39,000. Finally, Redwood Wealth Management Group LLC bought a new position in shares of Dutch Bros in the second quarter worth approximately $72,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Down 0.6 %

Shares of Dutch Bros stock opened at $32.46 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $43.49. The company has a market cap of $5.01 billion, a P/E ratio of 180.34, a PEG ratio of 2.84 and a beta of 2.49. The company’s fifty day simple moving average is $33.61 and its two-hundred day simple moving average is $34.77.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The business had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. Research analysts anticipate that Dutch Bros Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on BROS. TD Cowen reissued a “buy” rating and issued a $47.00 price target on shares of Dutch Bros in a research note on Thursday, September 12th. Stifel Nicolaus cut their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Robert W. Baird cut their target price on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Barclays cut their price objective on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Finally, UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.73.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now directly owns 467,228 shares of the company’s stock, valued at $14,759,732.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total value of $156,446.00. Following the completion of the sale, the insider now directly owns 507,700 shares in the company, valued at $17,266,877. The disclosure for this sale can be found here. Insiders sold a total of 1,128,885 shares of company stock valued at $36,124,009 in the last three months. Company insiders own 46.50% of the company’s stock.

About Dutch Bros

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.