Alpha DNA Investment Management LLC bought a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,615 shares of the company's stock, valued at approximately $451,000.
Several other institutional investors have also recently added to or reduced their stakes in BROS. Amalgamated Bank increased its position in shares of Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company's stock valued at $328,000 after acquiring an additional 220 shares during the last quarter. Arizona State Retirement System increased its position in shares of Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock valued at $1,730,000 after purchasing an additional 260 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Dutch Bros by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock worth $2,517,000 after purchasing an additional 310 shares during the period. Level Four Advisory Services LLC boosted its holdings in shares of Dutch Bros by 6.1% in the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after buying an additional 392 shares during the last quarter. Finally, Prosperity Wealth Management Inc. grew its position in Dutch Bros by 4.8% during the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock valued at $502,000 after buying an additional 435 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.
Dutch Bros Stock Performance
NYSE:BROS traded up $2.45 during mid-day trading on Wednesday, reaching $61.13. The company's stock had a trading volume of 1,855,447 shares, compared to its average volume of 3,157,123. The firm's fifty day moving average price is $65.48 and its two-hundred day moving average price is $55.80. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market cap of $9.43 billion, a P/E ratio of 179.80, a PEG ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88.
Insider Buying and Selling
In related news, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the sale, the insider now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several analysts have commented on BROS shares. UBS Group lifted their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their target price on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Jefferies Financial Group lifted their price target on Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Guggenheim increased their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, Barclays decreased their target price on Dutch Bros from $94.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $76.57.
Check Out Our Latest Stock Analysis on Dutch Bros
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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