FIL Ltd bought a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,365,745 shares of the company's stock, valued at approximately $176,298,000. FIL Ltd owned 2.18% of Dutch Bros as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Dutch Bros by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock valued at $533,465,000 after acquiring an additional 153,070 shares during the period. FMR LLC boosted its holdings in Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the period. Wellington Management Group LLP boosted its holdings in Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company's stock valued at $63,527,000 after purchasing an additional 1,141,913 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Dutch Bros during the 4th quarter valued at $94,478,000. Finally, Geode Capital Management LLC increased its holdings in shares of Dutch Bros by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company's stock worth $94,079,000 after purchasing an additional 22,214 shares during the period. Hedge funds and other institutional investors own 85.54% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, February 28th. JPMorgan Chase & Co. raised 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. Jefferies Financial Group upped their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Finally, TD Securities reiterated a "buy" rating and issued a $89.00 price objective on shares of Dutch Bros in a report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of "Buy" and a consensus price target of $76.29.
Check Out Our Latest Stock Analysis on BROS
Dutch Bros Trading Up 0.6 %
Shares of BROS stock traded up $0.33 during mid-day trading on Monday, reaching $57.94. The stock had a trading volume of 342,723 shares, compared to its average volume of 3,150,319. The firm has a market capitalization of $8.93 billion, a PE ratio of 170.42, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The stock's 50-day moving average price is $66.94 and its two-hundred day moving average price is $54.70. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88.
Insider Activity at Dutch Bros
In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 755,551 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the sale, the chairman now owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 in the last 90 days. Company insiders own 46.50% of the company's stock.
Dutch Bros Company Profile
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Free Report)
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.
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