Dutch Bros Inc. (NYSE:BROS) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,137,101 shares of the company's stock after selling 870,735 shares during the period. Baillie Gifford & Co. owned about 3.98% of Dutch Bros worth $321,461,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Wasatch Advisors LP increased its stake in shares of Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company's stock worth $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in Dutch Bros by 58.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company's stock valued at $64,715,000 after acquiring an additional 741,771 shares during the last quarter. Wellington Management Group LLP raised its holdings in Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company's stock valued at $63,527,000 after acquiring an additional 1,141,913 shares during the last quarter. Joho Capital LLC raised its holdings in Dutch Bros by 40.7% in the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company's stock valued at $61,482,000 after acquiring an additional 555,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Dutch Bros by 28.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company's stock valued at $56,814,000 after acquiring an additional 397,754 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BROS. UBS Group boosted their price target on Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Piper Sandler upped their price objective on Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a research report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Dutch Bros has an average rating of "Buy" and an average price target of $74.83.

Dutch Bros Stock Down 3.7 %

NYSE:BROS traded down $3.13 on Thursday, reaching $81.86. The stock had a trading volume of 3,337,867 shares, compared to its average volume of 2,996,563. The stock has a market cap of $12.62 billion, a P/E ratio of 240.78, a price-to-earnings-growth ratio of 4.91 and a beta of 2.73. The company has a 50-day moving average of $61.35 and a 200 day moving average of $46.09. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 12-month low of $26.38 and a 12-month high of $86.88.

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.