Next Century Growth Investors LLC raised its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 61.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 267,309 shares of the company's stock after purchasing an additional 101,572 shares during the quarter. Next Century Growth Investors LLC owned 0.17% of Dutch Bros worth $14,002,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the stock. FIL Ltd acquired a new stake in Dutch Bros in the 4th quarter valued at $176,298,000. FMR LLC lifted its holdings in shares of Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after acquiring an additional 3,227,435 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Dutch Bros in the 4th quarter valued at $94,478,000. Concurrent Investment Advisors LLC grew its holdings in shares of Dutch Bros by 317.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock worth $53,878,000 after purchasing an additional 782,164 shares during the last quarter. Finally, State Street Corp increased its position in shares of Dutch Bros by 34.8% during the 3rd quarter. State Street Corp now owns 1,734,646 shares of the company's stock worth $55,561,000 after purchasing an additional 447,456 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Chairman Travis Boersma sold 471,718 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the transaction, the chairman now directly owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business's 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 owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock worth $201,509,627 over the last quarter. 46.50% of the stock is currently owned by company insiders.
Dutch Bros Stock Down 0.9 %
NYSE BROS traded down $0.51 during trading hours on Tuesday, reaching $57.88. 1,318,147 shares of the company's stock were exchanged, compared to its average volume of 3,156,629. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 170.25, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company's 50-day moving average is $66.60 and its two-hundred day moving average is $54.90. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Stifel Nicolaus boosted their price objective on Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. 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 research note on Thursday, February 13th. 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. Finally, Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an "overweight" rating in a report on Monday. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Dutch Bros has a consensus rating of "Buy" and an average target price of $76.14.
Read Our Latest Analysis on Dutch Bros
About Dutch Bros
(
Free Report)
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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