Dutch Bros Inc. (NYSE:BROS) Stock Holdings Trimmed by Marshall Wace LLP

Marshall Wace LLP trimmed its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 88.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 546,655 shares of the company's stock after selling 4,367,847 shares during the period. Marshall Wace LLP owned about 0.35% of Dutch Bros worth $28,634,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. EAM Investors LLC purchased a new position in shares of Dutch Bros during the 4th quarter worth approximately $5,163,000. Jump Financial LLC increased its stake in Dutch Bros by 264.7% in the 4th quarter. Jump Financial LLC now owns 151,937 shares of the company's stock valued at $7,958,000 after purchasing an additional 110,278 shares in the last quarter. XTX Topco Ltd purchased a new position in Dutch Bros in the 4th quarter valued at approximately $686,000. Mariner LLC increased its stake in Dutch Bros by 14.4% in the 4th quarter. Mariner LLC now owns 24,920 shares of the company's stock valued at $1,305,000 after purchasing an additional 3,140 shares in the last quarter. Finally, Barclays PLC increased its stake in Dutch Bros by 699.4% in the 4th quarter. Barclays PLC now owns 429,693 shares of the company's stock valued at $22,507,000 after purchasing an additional 375,943 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Travis Boersma sold 471,718 shares of the business's 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 $35,808,113.38. Following the completion of the transaction, the chairman now owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 16.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 42.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the company an "overweight" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Wedbush reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. Guggenheim upped 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, Bank of America upped their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a report on Monday, January 27th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $76.57.

Dutch Bros Stock Performance

BROS stock traded up $0.60 during trading on Thursday, hitting $61.71. 671,547 shares of the company's stock traded hands, compared to its average volume of 3,244,235. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 181.49, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The stock has a fifty day moving average price of $65.06 and a two-hundred day moving average price of $55.84. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

About Dutch Bros

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.