Fenimore Asset Management Inc Sells 1,496 Shares of Dutch Bros Inc. $BROS

Fenimore Asset Management Inc decreased its position in Dutch Bros Inc. (NYSE:BROS) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 403,490 shares of the company’s stock after selling 1,496 shares during the quarter. Fenimore Asset Management Inc owned 0.25% of Dutch Bros worth $27,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. 1832 Asset Management L.P. lifted its position in Dutch Bros by 29.9% during the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock valued at $211,163,000 after purchasing an additional 788,100 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Dutch Bros by 16.4% in the 1st quarter. Invesco Ltd. now owns 1,365,281 shares of the company’s stock valued at $84,292,000 after acquiring an additional 192,458 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Dutch Bros by 25.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,324,676 shares of the company’s stock valued at $81,786,000 after acquiring an additional 272,473 shares during the last quarter. Driehaus Capital Management LLC grew its position in Dutch Bros by 3.0% in the first quarter. Driehaus Capital Management LLC now owns 1,320,807 shares of the company’s stock worth $81,547,000 after acquiring an additional 38,989 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Dutch Bros by 1,572.2% during the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock worth $70,661,000 after acquiring an additional 1,076,045 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

Dutch Bros stock opened at $50.52 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 107.49, a price-to-earnings-growth ratio of 2.79 and a beta of 2.55. The firm has a 50-day moving average of $62.46 and a two-hundred day moving average of $64.03. Dutch Bros Inc. has a 1 year low of $30.49 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. On average, research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BROS shares. TD Cowen reiterated a “buy” rating and issued a $86.00 target price on shares of Dutch Bros in a report on Tuesday, August 19th. The Goldman Sachs Group dropped their price objective on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research note on Saturday, September 27th. Guggenheim raised their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, UBS Group upped their price target on shares of Dutch Bros from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and an average price target of $79.88.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the sale, the insider owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Travis Boersma sold 787,681 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the transaction, the chairman owned 975,031 shares in the company, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is owned by 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.