Wasatch Advisors LP Trims Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Wasatch Advisors LP reduced its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,240,045 shares of the company's stock after selling 888,236 shares during the period. Wasatch Advisors LP owned about 2.10% of Dutch Bros worth $169,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BROS. Amalgamated Bank boosted its stake in Dutch Bros by 3.6% during the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company's stock valued at $328,000 after purchasing an additional 220 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Dutch Bros by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock valued at $1,730,000 after acquiring an additional 260 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Dutch Bros by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock valued at $2,517,000 after purchasing an additional 310 shares in the last quarter. Level Four Advisory Services LLC raised its position in Dutch Bros by 6.1% in the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after purchasing an additional 392 shares during the period. Finally, Prosperity Wealth Management Inc. increased its stake in shares of Dutch Bros by 4.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock worth $502,000 after buying an additional 435 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on BROS. TD Securities reissued a "buy" rating and set a $89.00 price objective on shares of Dutch Bros in a research report on Friday, March 28th. Robert W. Baird decreased their target price on shares of Dutch Bros from $80.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Wells Fargo & Company began coverage on shares of Dutch Bros in a research report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target on the stock. Jefferies Financial Group raised their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Finally, Bank of America upped 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. 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, the company currently has an average rating of "Buy" and an average target price of $76.14.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business's stock in a transaction dated Monday, February 24th. The stock was 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 of the company's stock, valued at approximately $197,451,045.83. The trade was a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This trade 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 valued at $201,509,627 in the last quarter. Insiders own 42.40% of the company's stock.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded down $2.03 on Monday, reaching $56.24. 472,944 shares of the company's stock were exchanged, compared to its average volume of 3,155,863. 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 moving average is $66.14 and its two-hundred day moving average is $55.61. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 165.42, a PEG ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88.

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.