HBK Investments L P Reduces Stock Position in Dutch Bros Inc. (NYSE:BROS)

HBK Investments L P trimmed its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 300,000 shares of the company's stock after selling 50,000 shares during the period. HBK Investments L P owned about 0.19% of Dutch Bros worth $15,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BROS. Lord Abbett & CO. LLC purchased a new position in shares of Dutch Bros in the fourth quarter worth about $25,706,000. RiverPark Advisors LLC raised its position in Dutch Bros by 50.9% during the 4th quarter. RiverPark Advisors LLC now owns 6,207 shares of the company's stock valued at $325,000 after purchasing an additional 2,094 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after acquiring an additional 447 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Dutch Bros by 9.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,052,203 shares of the company's stock valued at $55,114,000 after purchasing an additional 87,104 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Dutch Bros by 254.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,444 shares of the company's stock worth $9,557,000 after acquiring an additional 130,931 shares during the period. Hedge funds and other institutional investors own 85.54% of the company's stock.

Analyst Ratings Changes

BROS has been the topic of a number of recent research reports. Robert W. Baird reduced their target price on shares of Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. UBS Group raised their price target on Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Piper Sandler increased their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, Barclays cut their price target on shares of Dutch Bros from $94.00 to $76.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dutch Bros has an average rating of "Buy" and an average target price of $76.57.

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 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 in the company, valued at $197,451,045.83. This trade represents a 9.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Travis Boersma sold 755,551 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the transaction, the chairman now owns 2,903,316 shares in the company, 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. Over the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Corporate insiders own 42.40% of the company's stock.

Dutch Bros Price Performance

NYSE BROS traded down $0.63 during trading hours on Tuesday, reaching $60.89. The company's stock had a trading volume of 2,571,053 shares, compared to its average volume of 3,218,128. 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 1 year low of $26.85 and a 1 year high of $86.88. The firm's 50-day moving average price is $63.75 and its 200-day moving average price is $56.82. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 179.09, a PEG ratio of 4.23 and a beta of 2.71.

Dutch Bros Company Profile

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.