Dark Forest Capital Management LP Sells 44,660 Shares of Dutch Bros Inc. (NYSE:BROS)

Dark Forest Capital Management LP lessened its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 65.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,954 shares of the company's stock after selling 44,660 shares during the quarter. Dark Forest Capital Management LP's holdings in Dutch Bros were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Natixis bought a new stake in Dutch Bros during the 4th quarter worth about $3,120,000. NWK Group Inc. bought a new stake in shares of Dutch Bros during the 4th quarter valued at $3,664,000. Dimensional Fund Advisors LP lifted its stake in shares of Dutch Bros by 19.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 731,667 shares of the company's stock valued at $38,325,000 after purchasing an additional 117,878 shares during the period. Alpha DNA Investment Management LLC bought a new position in shares of Dutch Bros in the 4th quarter worth $451,000. Finally, EAM Investors LLC acquired a new stake in shares of Dutch Bros during the fourth quarter worth $5,163,000. 85.54% of the stock is owned by institutional investors.

Dutch Bros Stock Down 2.1 %

Shares of NYSE:BROS traded down $1.27 during midday trading on Tuesday, hitting $60.26. The stock had a trading volume of 862,625 shares, compared to its average volume of 3,160,482. The company has a market cap of $9.29 billion, a P/E ratio of 177.36, a PEG 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. The business's 50-day simple moving average is $63.75 and its 200-day simple moving average is $56.82. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $19,629,891.49. Following the completion of the transaction, the insider now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 9.04 % 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. 42.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BROS shares. Guggenheim raised their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Stifel Nicolaus boosted their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a report on Friday, February 28th. UBS Group increased their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group lifted their target price on Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $76.57.

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.