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

Aquatic Capital Management LLC raised its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,390 shares of the company's stock after acquiring an additional 8,290 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.06% of Dutch Bros worth $4,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FIL Ltd purchased a new position in shares of Dutch Bros during the 4th quarter worth approximately $176,298,000. FMR LLC grew its holdings in Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after buying an additional 3,227,435 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Dutch Bros during the fourth quarter worth $94,478,000. Concurrent Investment Advisors LLC raised its holdings in shares of Dutch Bros by 317.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock worth $53,878,000 after acquiring an additional 782,164 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Dutch Bros in the fourth quarter worth $25,706,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the transaction, the chairman now owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 20.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 in the company, 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 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is currently owned by corporate insiders.

Dutch Bros Price Performance

BROS opened at $63.45 on Friday. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88. The company has a 50 day moving average of $64.22 and a two-hundred day moving average of $56.44. The company has a market cap of $9.78 billion, a P/E ratio of 186.62, a P/E/G ratio of 4.23 and a beta of 2.71. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group increased their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Wells Fargo & Company started coverage on shares of Dutch Bros in a research report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective for the company. Baird R W upgraded shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, Guggenheim boosted their price target on Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $76.57.

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.

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