Blueshift Asset Management LLC Buys 5,496 Shares of Dutch Bros Inc. (NYSE:BROS)

Blueshift Asset Management LLC grew its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,598 shares of the company's stock after acquiring an additional 5,496 shares during the quarter. Dutch Bros comprises about 1.0% of Blueshift Asset Management LLC's investment portfolio, making the stock its 10th largest holding. Blueshift Asset Management LLC's holdings in Dutch Bros were worth $2,755,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BROS. Virtu Financial LLC acquired a new position in Dutch Bros during the 3rd quarter valued at about $573,000. Charles Schwab Investment Management Inc. boosted its position in shares of Dutch Bros by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock worth $22,021,000 after buying an additional 181,636 shares during the period. Raymond James Financial Inc. bought a new position in Dutch Bros in the 4th quarter worth approximately $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Dutch Bros by 38.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company's stock valued at $6,817,000 after acquiring an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC acquired a new stake in Dutch Bros in the 4th quarter valued at approximately $288,000. Institutional investors own 85.54% of the company's stock.

Dutch Bros Trading Up 7.7 %

Shares of Dutch Bros stock traded up $5.05 on Monday, reaching $70.48. 4,605,664 shares of the company were exchanged, compared to its average volume of 2,973,317. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 207.30, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The stock has a fifty day moving average price of $67.34 and a 200-day moving average price of $51.92.

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Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm's stock in a transaction on Friday, February 21st. The stock was 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 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 755,551 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 $58,728,979.23. Following the transaction, the chairman now owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Company insiders own 46.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BROS. Robert W. Baird increased their price target on Dutch Bros from $70.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. TD Securities increased 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. Piper Sandler boosted their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Finally, Wedbush raised their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dutch Bros has a consensus rating of "Buy" and a consensus target price of $76.23.

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.