Allspring Global Investments Holdings LLC Raises Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Allspring Global Investments Holdings LLC lifted its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 885,055 shares of the company's stock after purchasing an additional 17,402 shares during the period. Allspring Global Investments Holdings LLC owned about 0.57% of Dutch Bros worth $49,785,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hollencrest Capital Management increased its stake in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company's stock valued at $29,000 after purchasing an additional 314 shares during the period. Creative Planning increased its position in Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company's stock valued at $318,000 after acquiring an additional 405 shares during the period. R Squared Ltd purchased a new stake in Dutch Bros during the 4th quarter valued at approximately $25,000. Keudell Morrison Wealth Management lifted its position in Dutch Bros by 4.6% during the 3rd quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company's stock worth $353,000 after acquiring an additional 490 shares during the period. Finally, Jamison Private Wealth Management Inc. grew its stake in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BROS. Piper Sandler upped their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday. UBS Group raised their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a research note on Tuesday, December 17th. JPMorgan Chase & Co. increased their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Wedbush lifted their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dutch Bros has a consensus rating of "Buy" and an average price target of $74.83.

Dutch Bros Price Performance

NYSE BROS traded down $1.69 during mid-day trading on Monday, hitting $81.85. The stock had a trading volume of 4,065,171 shares, compared to its average volume of 2,051,615. The company has a 50 day simple moving average of $59.46 and a 200 day simple moving average of $45.23. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 282.26, a P/E/G ratio of 3.88 and a beta of 2.73. Dutch Bros Inc. has a 52-week low of $26.38 and a 52-week high of $86.42. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79.

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.