Archer Investment Corp Sells 300 Shares of Dutch Bros Inc. (NYSE:BROS)

Archer Investment Corp reduced its holdings in Dutch Bros Inc. (NYSE:BROS) by 16.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the company’s stock after selling 300 shares during the period. Archer Investment Corp’s holdings in Dutch Bros were worth $48,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BROS. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros in the third quarter valued at approximately $224,461,000. Vanguard Group Inc. increased its holdings in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after purchasing an additional 1,661,778 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after buying an additional 527,716 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Dutch Bros by 11.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock worth $92,953,000 after buying an additional 222,650 shares during the period. Finally, Davidson Kempner Capital Management LP grew its position in shares of Dutch Bros by 43.5% in the second quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock valued at $65,626,000 after purchasing an additional 480,153 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The trade was a 47.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,689,583 shares of company stock worth $55,164,707. 46.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler boosted their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. TD Cowen lifted their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird increased their price target on Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their price objective on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.30.

Dutch Bros Stock Down 0.6 %

Shares of NYSE BROS opened at $46.61 on Friday. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 160.72, a PEG ratio of 3.81 and a beta of 2.47. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $50.24. The stock has a 50-day moving average price of $35.48 and a two-hundred day moving average price of $35.78.

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

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.