AXQ Capital LP Invests $616,000 in Dutch Bros Inc. (NYSE:BROS)

AXQ Capital LP purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,751 shares of the company's stock, valued at approximately $616,000.

Several other large investors have also recently added to or reduced their stakes in BROS. Wasatch Advisors LP grew its position in 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. Wellington Management Group LLP grew its holdings in shares of Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company's stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the last quarter. Joho Capital LLC increased its stake in shares of Dutch Bros by 40.7% in the third quarter. Joho Capital LLC now owns 1,919,514 shares of the company's stock valued at $61,482,000 after buying an additional 555,000 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Dutch Bros in the fourth quarter valued at about $94,478,000. Finally, Geode Capital Management LLC lifted its position in Dutch Bros by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company's stock worth $56,814,000 after buying an additional 397,754 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction 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. This represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the sale, the insider now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Company insiders own 46.50% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently weighed in on BROS. Robert W. Baird raised their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Wells Fargo & Company began coverage on Dutch Bros in a research report on Wednesday. They set an "overweight" rating and a $80.00 target price for the company. Bank of America raised their price target on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a report on Monday, January 27th. William Blair reissued an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, TD Securities upped 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 analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $76.50.

Dutch Bros Stock Down 5.7 %

Shares of NYSE:BROS traded down $3.95 during trading on Thursday, hitting $64.82. 5,772,114 shares of the company's stock traded hands, compared to its average volume of 2,995,905. 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 company has a 50-day moving average price of $67.84 and a 200-day moving average price of $52.39. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 190.66, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

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.