Dutch Bros Inc. (NYSE:BROS) Shares Purchased by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. boosted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,052,203 shares of the company's stock after purchasing an additional 87,104 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.68% of Dutch Bros worth $55,114,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. R Squared Ltd purchased a new stake in Dutch Bros in the 4th quarter worth about $25,000. Fortitude Family Office LLC purchased a new stake in Dutch Bros in the 4th quarter worth about $41,000. Bernard Wealth Management Corp. purchased a new stake in Dutch Bros in the 4th quarter worth about $43,000. Wilmington Savings Fund Society FSB bought a new position in Dutch Bros in the 3rd quarter worth about $50,000. Finally, SBI Securities Co. Ltd. bought a new position in Dutch Bros in the 4th quarter worth about $53,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Trading Down 2.3 %

NYSE:BROS traded down $1.43 on Tuesday, reaching $60.09. 942,991 shares of the company's stock were exchanged, compared to its average volume of 3,160,972. The business has a fifty day moving average of $63.75 and a 200-day moving average of $56.82. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 176.40, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 755,551 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Company insiders own 42.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BROS. Bank of America upped their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Guggenheim upped their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 target price on the stock. Jefferies Financial Group increased their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Barclays dropped their price target on Dutch Bros from $94.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One 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 a consensus rating of "Buy" and an average target price of $76.57.

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.