Bank of New York Mellon Corp Sells 79,634 Shares of Dutch Bros Inc. (NYSE:BROS)

Bank of New York Mellon Corp decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,100,718 shares of the company's stock after selling 79,634 shares during the period. Bank of New York Mellon Corp owned approximately 0.71% of Dutch Bros worth $57,656,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BROS. Creative Planning increased its stake in Dutch Bros by 62.3% during the 3rd quarter. Creative Planning now owns 12,451 shares of the company's stock valued at $399,000 after buying an additional 4,778 shares during the period. US Bancorp DE grew its stake in shares of Dutch Bros by 8.9% in the 3rd quarter. US Bancorp DE now owns 11,224 shares of the company's stock worth $360,000 after purchasing an additional 922 shares during the last quarter. Stephens Inc. AR acquired a new position in shares of Dutch Bros in the 3rd quarter worth approximately $209,000. Farther Finance Advisors LLC grew its stake in shares of Dutch Bros by 8.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,844 shares of the company's stock worth $219,000 after purchasing an additional 544 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Dutch Bros by 73.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 26,976 shares of the company's stock worth $864,000 after purchasing an additional 11,392 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Stock Down 1.6 %

NYSE BROS traded down $1.01 during trading on Friday, reaching $63.77. The company's stock had a trading volume of 4,446,224 shares, compared to its average volume of 3,170,750. 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 capitalization of $9.83 billion, a PE ratio of 187.58, a PEG ratio of 4.23 and a beta of 2.65. The business has a 50-day moving average price of $65.64 and a 200-day moving average price of $49.19. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88.

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Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the sale, the insider now directly owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 471,718 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the sale, the chairman now owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. The trade was a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock worth $201,509,627 over the last ninety days. 46.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

BROS has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. TD Securities lifted their target price on shares of Dutch Bros from $65.00 to $89.00 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 report on Friday, February 28th. UBS Group lifted their target price 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. Finally, Wedbush boosted their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $75.75.

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.