Fox Run Management L.L.C. Cuts Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Fox Run Management L.L.C. lessened its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 46.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,975 shares of the company's stock after selling 18,104 shares during the period. Fox Run Management L.L.C.'s holdings in Dutch Bros were worth $1,099,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BROS. Victory Capital Management Inc. increased its holdings in shares of Dutch Bros by 18.1% during the third quarter. Victory Capital Management Inc. now owns 23,523 shares of the company's stock valued at $753,000 after purchasing an additional 3,605 shares during the period. KBC Group NV increased its position in shares of Dutch Bros by 53.3% in the third quarter. KBC Group NV now owns 3,025 shares of the company's stock worth $97,000 after acquiring an additional 1,052 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Dutch Bros during the third quarter valued at approximately $1,122,000. Charles Schwab Investment Management Inc. lifted its position in shares of Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock valued at $22,021,000 after acquiring an additional 181,636 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of Dutch Bros by 21.2% in the third quarter. Algert Global LLC now owns 31,602 shares of the company's stock worth $1,012,000 after buying an additional 5,520 shares during the period. Institutional investors and hedge funds own 85.54% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently weighed in on BROS. UBS Group upped their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley assumed coverage on shares of Dutch Bros in a research note on Monday. They issued an "overweight" rating and a $82.00 price objective for the company. Barclays upgraded Dutch Bros from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Wedbush boosted their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group upped their target price on Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $76.23.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the completion of the sale, the insider now directly owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This represents a 9.04 % 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 755,551 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the transaction, 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 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 quarter. Corporate insiders own 46.50% of the company's stock.

Dutch Bros Price Performance

BROS traded down $0.64 on Tuesday, hitting $69.81. 2,800,770 shares of the stock were exchanged, compared to its average volume of 2,973,160. 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 firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 205.33, a PEG ratio of 4.23 and a beta of 2.65. The business has a 50-day moving average of $67.34 and a two-hundred day moving average of $51.92. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88.

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.