Greenland Capital Management LP Acquires Shares of 25,017 Dutch Bros Inc. (NYSE:BROS)

Greenland Capital Management LP purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,017 shares of the company's stock, valued at approximately $1,310,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BROS. R Squared Ltd acquired a new stake in Dutch Bros in the 4th quarter valued at about $25,000. Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $41,000. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Dutch Bros during the 3rd quarter worth approximately $50,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Dutch Bros during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Trading Up 1.1 %

Shares of NYSE BROS traded up $0.62 during trading on Friday, hitting $57.61. 2,265,605 shares of the company traded hands, compared to its average volume of 3,161,359. The firm has a market capitalization of $8.88 billion, a P/E ratio of 169.45, a P/E/G ratio of 4.23 and a beta of 2.71. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $66.94 and a 200-day moving average price of $54.70. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on BROS. Morgan Stanley started coverage on Dutch Bros in a report on Monday, March 24th. They set an "overweight" rating and a $82.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. UBS Group boosted their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Guggenheim raised their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Finally, TD Securities reissued a "buy" rating and issued a $89.00 price objective on shares of Dutch Bros in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $76.29.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm'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 $19,629,891.49. Following the transaction, the insider now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is owned by insiders.

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.