Bfsg LLC Has $35,000 Position in Dutch Bros Inc. (NYSE:BROS)

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

Other large investors have also recently bought and sold shares of the company. Creative Planning grew its holdings in shares of Dutch Bros by 62.3% during the third quarter. Creative Planning now owns 12,451 shares of the company's stock worth $399,000 after purchasing an additional 4,778 shares during the last quarter. nVerses Capital LLC acquired a new position in Dutch Bros in the third quarter valued at about $38,000. Allspring Global Investments Holdings LLC raised its position in shares of Dutch Bros by 3.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 867,653 shares of the company's stock worth $27,791,000 after purchasing an additional 30,437 shares during the period. Private Advisor Group LLC raised its position in shares of Dutch Bros by 269.1% during the third quarter. Private Advisor Group LLC now owns 24,924 shares of the company's stock worth $798,000 after purchasing an additional 18,171 shares during the period. Finally, Cherry Creek Investment Advisors Inc. grew its holdings in shares of Dutch Bros by 8.4% during the third quarter. Cherry Creek Investment Advisors Inc. now owns 12,971 shares of the company's stock worth $415,000 after buying an additional 1,009 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Price Performance

Shares of BROS stock traded down $6.61 on Friday, hitting $75.42. 3,794,883 shares of the company's stock were exchanged, compared to its average volume of 3,014,520. Dutch Bros Inc. has a 12 month low of $26.38 and a 12 month high of $86.88. The company has a 50 day moving average of $61.35 and a 200 day moving average of $46.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The stock has a market cap of $11.63 billion, a P/E ratio of 222.04, a price-to-earnings-growth ratio of 4.70 and a beta of 2.73.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BROS shares. Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. TD Securities boosted their target price on Dutch Bros from $65.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. William Blair restated an "outperform" rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Stifel Nicolaus upped their target price on Dutch Bros from $62.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, TD Cowen upped their target price on Dutch Bros from $47.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $74.83.

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.