Dutch Bros Inc. (NYSE:BROS) Stake Cut by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. reduced its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 62.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,741 shares of the company's stock after selling 85,888 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Dutch Bros were worth $2,763,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in shares of Dutch Bros by 3.6% during the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company's stock worth $328,000 after purchasing an additional 220 shares during the period. Arizona State Retirement System increased its position in Dutch Bros by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock worth $1,730,000 after buying an additional 260 shares during the period. Level Four Advisory Services LLC lifted its stake in Dutch Bros by 6.1% in the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock valued at $356,000 after buying an additional 392 shares during the last quarter. Prosperity Wealth Management Inc. lifted its stake in Dutch Bros by 4.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock valued at $502,000 after buying an additional 435 shares during the last quarter. Finally, Independent Advisor Alliance boosted its holdings in shares of Dutch Bros by 2.6% during the fourth quarter. Independent Advisor Alliance now owns 18,535 shares of the company's stock valued at $971,000 after acquiring an additional 462 shares during the period. 85.54% of the stock is currently owned by institutional investors.

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Dutch Bros Price Performance

Shares of NYSE BROS traded down $0.47 during midday trading on Wednesday, reaching $52.13. The company's stock had a trading volume of 680,381 shares, compared to its average volume of 3,118,917. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 153.43, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average price of $67.30 and a 200 day moving average price of $53.99.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business'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 transaction of $19,629,891.49. Following the sale, the insider now owns 2,640,779 shares in the company, valued at $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 can be accessed through the SEC website. Also, Chairman Travis Boersma sold 471,718 shares of the company's 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 completion of the sale, the chairman now owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. This trade represents a 16.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. Corporate insiders own 46.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BROS shares. JPMorgan Chase & Co. lifted 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. Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Barclays raised Dutch Bros from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Wells Fargo & Company began coverage on Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target for the company. Finally, Piper Sandler lifted their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $76.29.

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.