Arrowroot Family Office LLC Sells 5,031 Shares of Dutch Bros Inc. (NYSE:BROS)

Arrowroot Family Office LLC trimmed its position in Dutch Bros Inc. (NYSE:BROS) by 22.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,259 shares of the company’s stock after selling 5,031 shares during the quarter. Arrowroot Family Office LLC’s holdings in Dutch Bros were worth $553,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BROS. Paloma Partners Management Co purchased a new stake in shares of Dutch Bros in the 3rd quarter valued at about $7,386,000. Point72 Hong Kong Ltd bought a new stake in Dutch Bros during the third quarter valued at approximately $36,000. Maverick Capital Ltd. bought a new position in shares of Dutch Bros in the 3rd quarter worth $2,633,000. Wasatch Advisors LP lifted its holdings in shares of Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Dutch Bros during the 3rd quarter worth $16,399,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Trading Up 1.1 %

BROS opened at $53.73 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $54.59. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 185.28, a PEG ratio of 3.95 and a beta of 2.47. The business has a 50 day simple moving average of $39.08 and a two-hundred day simple moving average of $37.29.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. During the same quarter last year, the firm posted $0.08 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. Analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

BROS has been the topic of a number of research reports. Piper Sandler raised their price target on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their price target 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. Barclays upped their price objective on shares of Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Robert W. Baird increased their target price on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, UBS Group boosted their price target on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and a consensus price target of $47.30.

Insider Activity

In related news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now owns 15,610 shares of the company’s stock, valued at $522,622.80. This trade represents a 71.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction on 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 directly owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,065,467 shares of company stock worth $35,434,372 in the last quarter. 46.50% of the stock is owned by company insiders.

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.