Scratch Capital LLC acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 24,051 shares of the company's stock, valued at approximately $1,260,000. Dutch Bros accounts for 1.5% of Scratch Capital LLC's holdings, making the stock its 12th biggest holding.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in Dutch Bros during the 4th quarter worth approximately $53,000. Jones Financial Companies Lllp increased its position in shares of Dutch Bros by 123.9% during the fourth quarter. Jones Financial Companies Lllp now owns 27,290 shares of the company's stock worth $1,429,000 after acquiring an additional 15,100 shares in the last quarter. Bridges Investment Management Inc. acquired a new stake in shares of Dutch Bros during the fourth quarter worth $200,000. Versor Investments LP lifted its position in Dutch Bros by 128.7% in the 4th quarter. Versor Investments LP now owns 18,400 shares of the company's stock valued at $964,000 after acquiring an additional 10,355 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Dutch Bros in the 4th quarter worth $1,362,000. 85.54% of the stock is currently owned by institutional investors.
Dutch Bros Stock Performance
BROS stock traded down $1.01 during trading hours on Friday, reaching $63.77. The stock had a trading volume of 4,445,886 shares, compared to its average volume of 3,170,695. The stock has a 50-day simple moving average of $65.43 and a 200 day simple moving average of $48.97. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The stock has a market capitalization of $9.83 billion, a PE ratio of 187.58, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on BROS. Wedbush lifted their price target on Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Robert W. Baird increased their price objective on Dutch Bros from $70.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. TD Securities upped their price target on Dutch Bros from $65.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $75.75.
Read Our Latest Analysis on Dutch Bros
Insider Buying and Selling
In other news, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,643,632 shares of company stock worth $201,509,627. Company insiders own 46.50% of the company's stock.
Dutch Bros Company Profile
(
Free Report)
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.
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