HighTower Advisors LLC Sells 150,813 Shares of Dutch Bros Inc. (NYSE:BROS)

HighTower Advisors LLC decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 89.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,424 shares of the company’s stock after selling 150,813 shares during the period. HighTower Advisors LLC’s holdings in Dutch Bros were worth $557,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Holocene Advisors LP purchased a new stake in shares of Dutch Bros in the third quarter worth $6,803,000. Paloma Partners Management Co purchased a new position in Dutch Bros in the 3rd quarter worth approximately $7,386,000. Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros during the 3rd quarter worth $36,000. Maverick Capital Ltd. bought a new position in Dutch Bros in the third quarter valued at $2,633,000. Finally, Wasatch Advisors LP raised its position in Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of the company’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 $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. This represents a 39.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the transaction, the insider now owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock valued at $19,040,697 over the last quarter. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Trading Up 3.3 %

Shares of NYSE:BROS opened at $54.06 on Friday. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $56.10. The stock’s fifty day moving average price is $45.38 and its 200-day moving average price is $39.10. 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 company has a market cap of $8.34 billion, a P/E ratio of 186.42, a PEG ratio of 3.89 and a beta of 2.72.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on BROS shares. UBS Group upped their target price on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Barclays lifted their price objective on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Jefferies Financial Group increased their target price on Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, December 16th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday. Finally, Wedbush upped their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.27.

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.