Federated Hermes Inc. Buys 4,747 Shares of Dutch Bros Inc. (NYSE:BROS)

Federated Hermes Inc. lifted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 604,747 shares of the company's stock after acquiring an additional 4,747 shares during the quarter. Federated Hermes Inc. owned approximately 0.39% of Dutch Bros worth $31,677,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BROS. Russell Investments Group Ltd. raised its position in Dutch Bros by 359.0% during the fourth quarter. Russell Investments Group Ltd. now owns 207,552 shares of the company's stock worth $10,879,000 after acquiring an additional 162,329 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Dutch Bros by 6.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 126,116 shares of the company's stock valued at $6,606,000 after acquiring an additional 7,203 shares during the period. ExodusPoint Capital Management LP grew its position in shares of Dutch Bros by 780.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 126,582 shares of the company's stock valued at $6,630,000 after purchasing an additional 112,202 shares during the last quarter. Bryce Point Capital LLC bought a new stake in Dutch Bros in the 4th quarter valued at $1,681,000. Finally, Geode Capital Management LLC grew its holdings in Dutch Bros by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company's stock valued at $94,079,000 after buying an additional 22,214 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

Several equities analysts recently commented on BROS shares. Piper Sandler upped their price target 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. JPMorgan Chase & Co. lifted their price target 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. Wells Fargo & Company initiated coverage on Dutch Bros in a research note on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price objective on the stock. Stifel Nicolaus increased their target price on Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $76.29.

Dutch Bros Trading Up 1.1 %

Shares of Dutch Bros stock traded up $0.62 during trading on Friday, hitting $57.61. The company's stock had a trading volume of 2,265,605 shares, compared to its average volume of 3,161,359. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 169.45, 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 50-day moving average price of $66.94 and a two-hundred day moving average price of $54.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction dated 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 sale, the chairman now directly owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This trade represents a 16.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the transaction, 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. Over the last quarter, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 46.50% of the company's stock.

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.