Aljian Capital Management LLC Takes $277,000 Position in Dutch Bros Inc. (NYSE:BROS)

Aljian Capital Management LLC acquired a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,289 shares of the company's stock, valued at approximately $277,000.

Other large investors have also modified their holdings of the company. Creative Planning boosted its holdings in Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company's stock valued at $318,000 after purchasing an additional 405 shares during the last quarter. Procyon Advisors LLC grew its position in Dutch Bros by 114.6% in the third quarter. Procyon Advisors LLC now owns 12,309 shares of the company's stock worth $394,000 after acquiring an additional 6,572 shares during the period. NBC Securities Inc. purchased a new stake in Dutch Bros in the third quarter valued at $177,000. Jamison Private Wealth Management Inc. grew its holdings in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock worth $27,000 after purchasing an additional 500 shares during the period. Finally, Bfsg LLC increased its position in shares of Dutch Bros by 11.6% during the 3rd quarter. Bfsg LLC now owns 30,840 shares of the company's stock worth $988,000 after purchasing an additional 3,210 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday. Wedbush boosted their target price on Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday. TD Cowen raised their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. William Blair reissued an "outperform" rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dutch Bros has a consensus rating of "Buy" and an average target price of $74.83.

Dutch Bros Stock Performance

Dutch Bros stock traded down $1.69 during midday trading on Monday, hitting $81.85. 4,065,171 shares of the company's stock were exchanged, compared to its average volume of 2,051,615. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 282.26, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. Dutch Bros Inc. has a 12-month low of $26.38 and a 12-month high of $86.42. The firm's 50 day simple moving average is $58.89 and its 200 day simple moving average is $44.92.

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.