Lord Abbett & CO. LLC Invests $25.71 Million in Dutch Bros Inc. (NYSE:BROS)

Lord Abbett & CO. LLC purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 490,757 shares of the company's stock, valued at approximately $25,706,000. Lord Abbett & CO. LLC owned about 0.32% of Dutch Bros at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $25,000. Coppell Advisory Solutions LLC raised its holdings in shares of Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after acquiring an additional 447 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $41,000. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $43,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $53,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BROS. Robert W. Baird cut their price target on shares of Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective on the stock. Morgan Stanley set a $80.00 price target on shares of Dutch Bros and gave the stock an "overweight" rating in a research note on Monday, April 14th. Piper Sandler increased their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus increased their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. One equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $76.57.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 679,996 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. The trade was a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock valued at $201,509,627 in the last ninety days. Company insiders own 42.40% of the company's stock.

Dutch Bros Stock Performance

Dutch Bros stock traded down $0.63 during mid-day trading on Tuesday, reaching $60.89. The company had a trading volume of 2,573,503 shares, compared to its average volume of 3,172,027. 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 52 week low of $26.85 and a 52 week high of $86.88. The company has a 50 day moving average of $63.33 and a 200-day moving average of $56.85. The firm has a market cap 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.