TSG Consumer Partners LP lowered its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 32.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,508,406 shares of the company's stock after selling 1,709,563 shares during the period. Dutch Bros comprises approximately 100.0% of TSG Consumer Partners LP's holdings, making the stock its largest holding. TSG Consumer Partners LP owned about 2.28% of Dutch Bros worth $183,770,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Dutch Bros during the 3rd quarter valued at about $573,000. Raymond James Financial Inc. purchased a new position in Dutch Bros during the fourth quarter valued at approximately $94,478,000. Clear Creek Financial Management LLC purchased a new position in Dutch Bros during the fourth quarter valued at approximately $288,000. Ferguson Wellman Capital Management Inc. bought a new position in Dutch Bros in the fourth quarter worth approximately $304,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Dutch Bros by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock worth $49,785,000 after buying an additional 17,402 shares during the period. 85.54% of the stock is currently owned by institutional investors.
Dutch Bros Stock Performance
NYSE:BROS traded up $0.51 during midday trading on Friday, hitting $58.26. The company's stock had a trading volume of 1,473,772 shares, compared to its average volume of 3,166,473. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week 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. The firm has a market cap of $8.98 billion, a P/E ratio of 171.36, a P/E/G ratio of 4.23 and a beta of 2.71. The firm's 50 day moving average is $66.14 and its 200-day moving average is $55.44.
Insider Transactions at Dutch Bros
In related news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 755,551 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 over the last 90 days. 42.40% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on BROS. Stifel Nicolaus lifted their price target on Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a report on Friday, February 28th. Bank of America increased their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. Wells Fargo & Company started coverage on Dutch Bros in a report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Dutch Bros has an average rating of "Buy" and a consensus price target of $76.14.
Check Out Our Latest Research Report on Dutch Bros
About Dutch Bros
(
Free Report)
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.
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