Amundi increased its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 21,821.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,005 shares of the company's stock after acquiring an additional 224,974 shares during the quarter. Amundi owned about 0.15% of Dutch Bros worth $12,701,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of BROS. R Squared Ltd bought a new position in Dutch Bros in the 4th quarter worth $25,000. Point72 Hong Kong Ltd acquired a new stake in Dutch Bros in the 3rd quarter worth $36,000. Fortitude Family Office LLC acquired a new stake in Dutch Bros in the 4th quarter worth $41,000. Wilmington Savings Fund Society FSB acquired a new stake in Dutch Bros in the 3rd quarter worth $50,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Dutch Bros in the 4th quarter worth $53,000. Institutional investors own 85.54% of the company's stock.
Dutch Bros Price Performance
Shares of NYSE BROS traded up $1.17 during trading on Tuesday, reaching $63.11. The company had a trading volume of 2,497,699 shares, compared to its average volume of 2,961,480. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The stock has a market cap of $9.73 billion, a PE ratio of 185.62, a PEG ratio of 4.23 and a beta of 2.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The business's 50 day moving average price is $66.37 and its 200-day moving average price is $50.69.
Analyst Ratings Changes
Several research firms have issued reports on BROS. Wedbush raised their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. UBS Group lifted their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Robert W. Baird lifted their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the company an "outperform" 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 company a "buy" rating in a research report on Friday, February 28th. Finally, TD Securities lifted their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $75.75.
Check Out Our Latest Stock Report on BROS
Insiders Place Their Bets
In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was 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 trade represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Insiders own 46.50% of the company's stock.
Dutch Bros 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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