Capital Fund Management S.A. Decreases Stock Position in Dutch Bros Inc. (NYSE:BROS)

Capital Fund Management S.A. lessened its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 29.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,766 shares of the company's stock after selling 90,286 shares during the quarter. Capital Fund Management S.A. owned about 0.14% of Dutch Bros worth $11,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank raised its holdings in Dutch Bros by 3.6% during 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 boosted its stake in shares of Dutch Bros by 0.8% in 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 in the last quarter. Level Four Advisory Services LLC raised its position 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. lifted its holdings in Dutch Bros by 4.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock valued at $502,000 after acquiring an additional 435 shares during the period. Finally, Independent Advisor Alliance increased its holdings in shares of Dutch Bros by 2.6% in the 4th quarter. Independent Advisor Alliance now owns 18,535 shares of the company's stock valued at $971,000 after purchasing 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 Down 0.6 %

Shares of BROS traded down $0.34 during mid-day trading on Wednesday, reaching $57.55. The company had a trading volume of 2,683,209 shares, compared to its average volume of 3,154,752. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The firm has a fifty day simple moving average of $66.60 and a 200-day simple moving average of $54.90. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 169.27, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the transaction, the chairman now directly owns 2,640,779 shares of the company's stock, valued at $197,451,045.83. The trade was a 20.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now directly owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BROS. Stifel Nicolaus upped their target price on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Robert W. Baird dropped their price objective on Dutch Bros from $80.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. boosted their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Bank of America lifted their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Guggenheim lifted their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $76.14.

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.