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

Fenimore Asset Management Inc lowered 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 & Exchange Commission. The fund owned 403,490 shares of the company’s stock after selling 1,496 shares during the period. Fenimore Asset Management Inc’s holdings in Dutch Bros were worth $27,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BROS. Cullen Frost Bankers Inc. purchased a new position in Dutch Bros in the first quarter worth $31,000. Banque Transatlantique SA purchased a new stake in shares of Dutch Bros during the first quarter worth about $38,000. GAMMA Investing LLC grew its position in Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after purchasing an additional 378 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Dutch Bros during the first quarter valued at $54,000. Finally, Hollencrest Capital Management raised its stake in Dutch Bros by 21.2% in the 1st quarter. Hollencrest Capital Management now owns 1,096 shares of the company’s stock worth $68,000 after acquiring an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 787,681 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was 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 $67,218,637.14. The trade was a 44.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock valued at $207,633,882 over the last quarter. Company insiders own 42.40% of the company’s stock.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $50.52 on Monday. The stock has a market capitalization of $8.31 billion, a P/E ratio of 107.49, a PEG ratio of 2.79 and a beta of 2.55. The business has a 50 day simple moving average of $62.46 and a two-hundred day simple moving average of $64.03. Dutch Bros Inc. has a 12 month low of $30.49 and a 12 month high of $86.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm had revenue of $415.81 million during the quarter, compared to analysts’ expectations of $403.24 million. During the same period in the previous year, the business earned $0.19 earnings per share. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. As a group, analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on BROS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research note on Saturday, September 27th. Barclays upped their target price on Dutch Bros from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Bank of America increased their price target on shares of Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $85.00 price target on shares of Dutch Bros in a research report on Wednesday, September 24th. Finally, The Goldman Sachs Group decreased 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. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Dutch Bros currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.88.

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.