Dutch Bros Inc. (NYSE:BROS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,795,485 shares of the company's stock after acquiring an additional 22,214 shares during the period. Geode Capital Management LLC owned approximately 1.16% of Dutch Bros worth $94,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BROS. Amalgamated Bank raised its holdings in Dutch Bros by 3.6% in the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company's stock worth $328,000 after purchasing an additional 220 shares in the last quarter. Arizona State Retirement System raised its stake in Dutch Bros by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock valued at $1,730,000 after buying an additional 260 shares during the last quarter. Level Four Advisory Services LLC boosted its holdings in 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 acquiring an additional 392 shares in the last quarter. Prosperity Wealth Management Inc. grew its stake in shares of Dutch Bros by 4.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock worth $502,000 after acquiring an additional 435 shares during the last quarter. Finally, Independent Advisor Alliance increased its holdings in shares of Dutch Bros by 2.6% during the fourth quarter. Independent Advisor Alliance now owns 18,535 shares of the company's stock valued at $971,000 after acquiring an additional 462 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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Dutch Bros Trading Up 0.5 %

Dutch Bros stock traded up $0.30 during trading on Wednesday, reaching $58.19. 193,071 shares of the company were exchanged, compared to its average volume of 3,145,166. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88. The company has a market capitalization of $8.97 billion, a P/E ratio of 171.29, a PEG ratio of 4.23 and a beta of 2.71. The stock's 50 day simple moving average is $66.60 and its two-hundred day simple moving average is $54.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

Analyst Upgrades and Downgrades

Several analysts recently commented on BROS shares. Robert W. Baird cut their price objective 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. Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. UBS Group boosted their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, TD Securities restated a "buy" rating and issued a $89.00 target price on shares of Dutch Bros in a report on Friday, March 28th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $76.14.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the company's stock in a transaction on 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 transaction, the chairman now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the sale, the insider now directly owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is currently owned by insiders.

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.