Dutch Bros Inc. (NYSE:BROS) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. trimmed its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 60.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,129 shares of the company's stock after selling 53,695 shares during the period. Landscape Capital Management L.L.C.'s holdings in Dutch Bros were worth $1,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC bought a new stake in Dutch Bros during the third quarter valued at approximately $573,000. Charles Schwab Investment Management Inc. grew its position in shares of Dutch Bros by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock valued at $22,021,000 after acquiring an additional 181,636 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Dutch Bros in the 4th quarter worth $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Dutch Bros by 38.0% in 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 worth $6,817,000 after purchasing an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new position in Dutch Bros during the fourth quarter valued at $288,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BROS has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, February 28th. UBS Group increased their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Wedbush reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. Guggenheim raised their price objective on Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Finally, Jefferies Financial Group increased their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and an average price target of $76.29.

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Dutch Bros Trading Down 6.5 %

BROS traded down $3.93 on Thursday, reaching $56.47. 1,553,155 shares of the company traded hands, compared to its average volume of 3,137,483. The firm has a fifty day simple moving average of $67.21 and a two-hundred day simple moving average of $54.22. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. The company has a market cap of $8.71 billion, a P/E ratio of 166.18, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This represents a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the sale, the chairman now owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 in the last ninety days. 46.50% of the stock is owned by company insiders.

Dutch Bros Company 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.