Counterpoint Mutual Funds LLC Makes New $300,000 Investment in Dutch Bros Inc. (NYSE:BROS)

Counterpoint Mutual Funds LLC acquired a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,735 shares of the company's stock, valued at approximately $300,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Polen Capital Management LLC increased its holdings in Dutch Bros by 137.4% during the 4th quarter. Polen Capital Management LLC now owns 105,023 shares of the company's stock worth $5,501,000 after purchasing an additional 60,782 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Dutch Bros by 0.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 161,711 shares of the company's stock worth $8,470,000 after purchasing an additional 679 shares in the last quarter. Swiss National Bank increased its holdings in Dutch Bros by 0.7% during the 4th quarter. Swiss National Bank now owns 223,800 shares of the company's stock worth $11,723,000 after purchasing an additional 1,500 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Dutch Bros by 8.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 41,767 shares of the company's stock valued at $2,188,000 after acquiring an additional 3,134 shares in the last quarter. Finally, Prosperity Wealth Management Inc. grew its holdings in shares of Dutch Bros by 4.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock valued at $502,000 after acquiring an additional 435 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BROS shares. UBS Group raised their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Stifel Nicolaus raised their price objective on Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a report on Friday, February 28th. Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Wedbush raised their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Piper Sandler raised their price objective on Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $75.75.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 755,551 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the transaction, the insider now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their position. 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 three months. Insiders own 46.50% of the company's stock.

Dutch Bros Stock Performance

BROS stock traded up $0.06 during mid-day trading on Friday, hitting $65.55. 2,806,882 shares of the company were exchanged, compared to its average volume of 2,993,968. The business has a 50 day simple moving average of $67.04 and a 200-day simple moving average of $51.36. 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 $10.11 billion, a PE ratio of 192.81, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88.

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.