FMR LLC lifted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 98.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,516,479 shares of the company's stock after acquiring an additional 3,227,435 shares during the period. FMR LLC owned approximately 4.23% of Dutch Bros worth $341,333,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new position in Dutch Bros in the 4th quarter valued at $25,000. Fortitude Family Office LLC purchased a new stake in shares of Dutch Bros in the fourth quarter worth $41,000. Wilmington Savings Fund Society FSB bought a new stake in Dutch Bros during the third quarter valued at $50,000. SBI Securities Co. Ltd. purchased a new position in Dutch Bros during the fourth quarter worth about $53,000. Finally, Harbor Investment Advisory LLC purchased a new position in Dutch Bros during the fourth quarter worth about $60,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently issued reports on BROS. JPMorgan Chase & Co. lifted their price target on 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 assumed coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price target for the company. Baird R W raised shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Wedbush reissued an "outperform" rating and issued a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. Finally, Robert W. Baird lowered their price target on Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. 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 company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $76.14.
Get Our Latest Report on BROS
Dutch Bros Trading Up 0.8 %
Shares of Dutch Bros stock traded up $0.45 on Wednesday, hitting $58.34. The stock had a trading volume of 366,057 shares, compared to its average volume of 3,319,116. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. The stock's 50-day simple moving average is $66.60 and its two-hundred day simple moving average is $54.90. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 171.58, a PEG ratio of 4.23 and a beta of 2.71.
Insider Buying and Selling at Dutch Bros
In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the 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 completion of the sale, the insider now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 679,996 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 value of $50,843,300.92. Following the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 in the last quarter. Company insiders own 46.50% of the company's stock.
Dutch Bros Company Profile
(
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.
Read More
Before you consider Dutch Bros, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dutch Bros wasn't on the list.
While Dutch Bros currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
