Qsemble Capital Management LP Acquires 24,897 Shares of Dutch Bros Inc. (NYSE:BROS)

Qsemble Capital Management LP raised its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 306.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,019 shares of the company’s stock after buying an additional 24,897 shares during the period. Qsemble Capital Management LP’s holdings in Dutch Bros were worth $1,058,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BROS. Arcadia Investment Management Corp MI purchased a new stake in shares of Dutch Bros in the 2nd quarter worth $27,000. Quest Partners LLC grew its holdings in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. Jamison Private Wealth Management Inc. increased its position in Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares in the last quarter. Hollencrest Capital Management raised its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the period. Finally, Abound Wealth Management purchased a new position in shares of Dutch Bros during the 2nd quarter valued at about $39,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $52.97 on Wednesday. The firm has a market cap of $8.17 billion, a PE ratio of 180.21, a PEG ratio of 4.11 and a beta of 2.47. The stock has a 50 day moving average of $37.60 and a 200 day moving average of $36.81. 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 $53.29.

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

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 3,600 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $115,200.00. Following the sale, the chairman now directly owns 430,718 shares in the company, valued at $13,782,976. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,065,467 shares of company stock valued at $35,434,372 in the last three months. Corporate insiders own 46.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. TD Cowen increased their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Wedbush lifted their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group boosted their price objective on Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research 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 stock. According to MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus price target of $47.30.

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.