Invesco Ltd. grew its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,172,823 shares of the company's stock after purchasing an additional 8,332 shares during the period. Invesco Ltd. owned about 0.76% of Dutch Bros worth $61,432,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in BROS. Amalgamated Bank lifted its stake in Dutch Bros by 3.6% in the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company's stock valued at $328,000 after buying an additional 220 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Dutch Bros by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock worth $1,730,000 after acquiring an additional 260 shares during the last quarter. Level Four Advisory Services LLC increased its position in shares of Dutch Bros by 6.1% during the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after purchasing an additional 392 shares in the last quarter. Prosperity Wealth Management Inc. raised its stake in Dutch Bros by 4.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock valued at $502,000 after purchasing an additional 435 shares during the last quarter. Finally, Independent Advisor Alliance raised its stake in Dutch Bros by 2.6% in the 4th quarter. Independent Advisor Alliance now owns 18,535 shares of the company's stock valued at $971,000 after purchasing an additional 462 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.
Analyst Ratings Changes
BROS has been the subject of several research reports. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the company an "overweight" rating in a research note on Monday. Bank of America boosted their target price on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Robert W. Baird cut their price objective on Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. raised their target price on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Finally, Guggenheim boosted 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. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Dutch Bros currently has a consensus rating of "Buy" and a consensus price target of $76.14.
Read Our Latest Research Report on Dutch Bros
Insider Transactions at Dutch Bros
In related news, Chairman Travis Boersma sold 755,551 shares of the 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 transaction, the chairman now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. Corporate insiders own 46.50% of the company's stock.
Dutch Bros Stock Up 0.9 %
NYSE BROS traded up $0.51 during trading on Friday, reaching $58.26. 1,473,772 shares of the company's stock were exchanged, compared to its average volume of 3,160,586. The company has a 50 day moving average price of $66.25 and a two-hundred day moving average price of $55.10. The stock has a market cap of $8.98 billion, a P/E ratio of 171.36, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.
Dutch Bros 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.
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