GSA Capital Partners LLP Buys 30,180 Shares of Dutch Bros Inc. (NYSE:BROS)

GSA Capital Partners LLP raised its position in Dutch Bros Inc. (NYSE:BROS) by 128.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,651 shares of the company’s stock after buying an additional 30,180 shares during the quarter. GSA Capital Partners LLP’s holdings in Dutch Bros were worth $1,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BROS. Vanguard Group Inc. grew its holdings in shares of Dutch Bros by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 4,750,468 shares of the company’s stock worth $150,447,000 after purchasing an additional 135,918 shares in the last quarter. Wasatch Advisors LP bought a new stake in Dutch Bros during the first quarter worth about $41,988,000. American Century Companies Inc. increased its position in shares of Dutch Bros by 191.7% during the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after purchasing an additional 773,616 shares during the last quarter. Fenimore Asset Management Inc. purchased a new position in shares of Dutch Bros during the 4th quarter valued at about $13,610,000. Finally, Ghisallo Capital Management LLC boosted its stake in Dutch Bros by 30.5% in the fourth quarter. Ghisallo Capital Management LLC now owns 350,000 shares of the company’s stock worth $11,084,000 after buying an additional 81,846 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 5.3 %

Shares of BROS stock traded down $2.17 during trading hours on Wednesday, hitting $39.08. 2,667,903 shares of the company’s stock traded hands, compared to its average volume of 2,473,502. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86. The stock’s fifty day simple moving average is $37.02 and its two-hundred day simple moving average is $32.45. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $43.49. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 217.79, a PEG ratio of 6.46 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last released its earnings results on Tuesday, May 7th. The company reported $0.06 EPS for the quarter. The firm had revenue of $275.10 million for the quarter, compared to analysts’ expectations of $255.71 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. On average, analysts expect that Dutch Bros Inc. will post 0.29 EPS for the current year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $36.26, for a total transaction of $3,890,951.82. Following the transaction, the insider now directly owns 650,995 shares of the company’s stock, valued at $23,605,078.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $36.26, for a total transaction of $3,890,951.82. Following the completion of the sale, the insider now directly owns 650,995 shares in the company, valued at approximately $23,605,078.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of Dutch Bros stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total value of $977,402.70. Following the completion of the sale, the insider now directly owns 2,116,783 shares of the company’s stock, valued at approximately $76,246,523.66. The disclosure for this sale can be found here. Insiders sold 1,228,068 shares of company stock valued at $44,765,154 over the last 90 days. Corporate insiders own 46.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BROS shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Dutch Bros in a research note on Wednesday, April 3rd. TD Cowen lifted their price target on Dutch Bros from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Wedbush raised their target price on shares of Dutch Bros from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. upped their price target on shares of Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. Finally, Guggenheim reissued a “neutral” rating and issued a $30.00 price target on shares of Dutch Bros in a report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus price target of $39.55.

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.