Bryce Point Capital LLC Acquires New Holdings in Dutch Bros Inc. (NYSE:BROS)

Bryce Point Capital LLC bought a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,097 shares of the company's stock, valued at approximately $1,681,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in Dutch Bros by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company's stock worth $94,079,000 after purchasing an additional 22,214 shares in the last quarter. Level Four Advisory Services LLC lifted its position in shares of Dutch Bros by 6.1% in the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after buying an additional 392 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in Dutch Bros by 11.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 16,204 shares of the company's stock valued at $849,000 after buying an additional 1,629 shares during the last quarter. Norges Bank purchased a new position in Dutch Bros during the 4th quarter valued at approximately $17,266,000. Finally, Pier Capital LLC increased its stake in Dutch Bros by 32.7% in the 4th quarter. Pier Capital LLC now owns 222,545 shares of the company's stock worth $11,657,000 after acquiring an additional 54,847 shares during the last quarter. Institutional investors own 85.54% of the company's stock.

Dutch Bros Trading Up 1.2 %

Shares of NYSE BROS traded up $0.60 during mid-day trading on Monday, reaching $51.97. The company had a trading volume of 2,510,153 shares, compared to its average volume of 3,366,636. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 152.84, a price-to-earnings-growth 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 is $67.75 and its 200-day moving average is $53.75. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Remove Ads

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares of the company's stock, valued at $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the insider now directly owns 2,903,316 shares of the company's stock, valued at approximately $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. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 in the last three months. Corporate insiders own 46.50% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BROS. Guggenheim raised their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Piper Sandler increased their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. UBS Group boosted their price objective on Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, TD Securities restated a "buy" rating and set a $89.00 price objective on shares of Dutch Bros in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $76.29.

Dutch Bros 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.