ExodusPoint Capital Management LP Boosts Holdings in Dutch Bros Inc. (NYSE:BROS)

ExodusPoint Capital Management LP lifted its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 780.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 126,582 shares of the company's stock after acquiring an additional 112,202 shares during the period. ExodusPoint Capital Management LP owned approximately 0.08% of Dutch Bros worth $6,630,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Dutch Bros during the fourth quarter worth $25,000. Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros during the 4th quarter worth about $41,000. SBI Securities Co. Ltd. bought a new position in Dutch Bros during the 4th quarter valued at about $53,000. Arcadia Investment Management Corp MI acquired a new position in Dutch Bros in the fourth quarter valued at about $60,000. Finally, Harbor Investment Advisory LLC acquired a new position in Dutch Bros in the fourth quarter valued at about $60,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Price Performance

BROS stock traded down $4.20 during mid-day trading on Thursday, reaching $56.20. 1,419,498 shares of the company traded hands, compared to its average volume of 3,137,021. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company has a fifty day moving average price of $67.21 and a 200-day moving average price of $54.22. The company has a market capitalization of $8.67 billion, a P/E ratio of 164.71, a P/E/G 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.

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Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 755,551 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 2,903,316 shares in the company, valued at $225,674,752.68. This trade represents a 9.13 % 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 over the last ninety days. Insiders own 46.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BROS. Piper Sandler increased their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. One research 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 MarketBeat, Dutch Bros presently has a consensus rating of "Buy" and a consensus price target of $76.29.

Dutch Bros 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.