Dutch Bros Inc. (NYSE:BROS) Shares Sold by Bfsg LLC

Bfsg LLC trimmed its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 97.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 668 shares of the company's stock after selling 30,172 shares during the quarter. Bfsg LLC's holdings in Dutch Bros were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros during the 3rd quarter worth approximately $224,461,000. Wasatch Advisors LP increased its holdings in shares of 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 buying an additional 2,885,306 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Dutch Bros by 135.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company's stock worth $63,527,000 after buying an additional 1,141,913 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Dutch Bros by 58.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company's stock worth $64,715,000 after buying an additional 741,771 shares during the last quarter. Finally, Joho Capital LLC increased its holdings in shares of Dutch Bros by 40.7% during the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company's stock worth $61,482,000 after buying an additional 555,000 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of brokerages have recently issued reports on BROS. Jefferies Financial Group raised their price target on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Bank of America lifted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a report on Monday, January 27th. Barclays upgraded shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. 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 report on Thursday, February 13th. One investment 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $74.83.

Dutch Bros Stock Down 7.2 %

Shares of Dutch Bros stock traded down $5.94 during trading on Friday, hitting $76.09. 5,566,703 shares of the stock were exchanged, compared to its average volume of 3,144,780. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 223.79, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The firm's 50-day moving average price is $61.83 and its 200 day moving average price is $46.43. Dutch Bros Inc. has a 12-month low of $26.38 and a 12-month high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

Dutch Bros Company Profile

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.