Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 699.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 429,693 shares of the company's stock after purchasing an additional 375,943 shares during the period. Barclays PLC owned 0.28% of Dutch Bros worth $22,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BROS. Vanguard Group Inc. increased its holdings in shares of Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock worth $533,465,000 after purchasing an additional 153,070 shares during the period. FMR LLC increased its stake in Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock worth $341,333,000 after acquiring an additional 3,227,435 shares during the period. FIL Ltd bought a new position in Dutch Bros during the 4th quarter worth $176,298,000. Raymond James Financial Inc. acquired a new position in Dutch Bros in the 4th quarter valued at $94,478,000. Finally, Geode Capital Management LLC grew its holdings in shares of Dutch Bros by 1.3% during 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. 85.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BROS shares. Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Barclays dropped their target price on shares of Dutch Bros from $94.00 to $76.00 and set an "overweight" rating for the company in a research report on Tuesday. Robert W. Baird reduced their price target on shares of Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Guggenheim boosted their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. raised their target price on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $76.57.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the sale, the chairman now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This represents a 7.31 % 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 valued at $201,509,627. Insiders own 42.40% of the company's stock.

Dutch Bros Trading Up 4.2 %

Shares of NYSE:BROS traded up $2.45 during trading on Wednesday, reaching $61.13. 1,878,185 shares of the company were exchanged, compared to its average volume of 3,157,219. 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 business's fifty day simple moving average is $65.48 and its 200-day simple moving average is $55.80. The firm has a market capitalization of $9.43 billion, a PE ratio of 179.80, a P/E/G ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88.

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.