B. Metzler seel. Sohn & Co. AG lessened its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 32.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,650 shares of the company's stock after selling 11,368 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Dutch Bros were worth $1,239,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $94,478,000. Wellington Management Group LLP increased its position in 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 acquiring an additional 1,141,913 shares during the period. Concurrent Investment Advisors LLC raised its stake in Dutch Bros by 317.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock valued at $53,878,000 after purchasing an additional 782,164 shares during the last quarter. State Street Corp boosted its holdings in Dutch Bros by 34.8% in the 3rd quarter. State Street Corp now owns 1,734,646 shares of the company's stock valued at $55,561,000 after purchasing an additional 447,456 shares during the period. Finally, Geode Capital Management LLC grew its position in Dutch Bros by 28.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company's stock worth $56,814,000 after purchasing an additional 397,754 shares during the last quarter. Institutional investors own 85.54% of the company's stock.
Dutch Bros Price Performance
Shares of NYSE:BROS traded up $1.81 during trading on Tuesday, reaching $54.89. The stock had a trading volume of 1,111,600 shares, compared to its average volume of 3,365,311. The stock has a market capitalization of $8.46 billion, a PE ratio of 161.46, a P/E/G ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The business's 50-day moving average price is $67.62 and its 200 day moving average price is $53.88. 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 recently weighed in on BROS. Guggenheim increased their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. William Blair restated an "outperform" rating on shares of Dutch Bros in a research report on Tuesday, December 17th. UBS Group raised their target price on Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus boosted their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $76.29.
Get Our Latest Stock Report on BROS
Insiders Place Their Bets
In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the 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 transaction, the chairman now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares of the company's stock, valued at $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 quarter, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is currently owned by corporate insiders.
About Dutch Bros
(
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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