Inspire Advisors LLC lessened its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 31.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,167 shares of the company's stock after selling 7,266 shares during the quarter. Inspire Advisors LLC's holdings in Dutch Bros were worth $847,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of BROS. Virtu Financial LLC purchased a new position in shares of Dutch Bros in the third quarter worth about $573,000. Baillie Gifford & Co. acquired a new position in Dutch Bros in the 3rd quarter worth approximately $224,461,000. Charles Schwab Investment Management Inc. raised its position in Dutch Bros by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock worth $22,021,000 after buying an additional 181,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Dutch Bros by 38.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company's stock valued at $6,817,000 after acquiring an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Dutch Bros in the 4th quarter valued at $288,000. Hedge funds and other institutional investors own 85.54% of the company's stock.
Dutch Bros Stock Up 3.1 %
Shares of BROS opened at $60.23 on Wednesday. The stock has a 50 day moving average price of $65.75 and a 200 day moving average price of $49.63. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. 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 stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 177.16, a PEG ratio of 4.23 and a beta of 2.65.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Barclays upgraded Dutch Bros from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Wedbush lifted their price target on Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Robert W. Baird upped their price objective on Dutch Bros from $70.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Dutch Bros currently has a consensus rating of "Buy" and an average target price of $75.75.
Read Our Latest Analysis on BROS
Insider Buying and Selling
In other news, Chairman Travis Boersma sold 471,718 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 $35,808,113.38. Following the sale, the chairman now owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. The trade was a 16.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the sale, the insider now owns 2,640,779 shares of the company's stock, valued at $197,451,045.83. This trade represents a 9.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is owned by insiders.
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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