Natixis Purchases New Stake in Dutch Bros Inc. (NYSE:BROS)

Natixis bought a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 59,556 shares of the company's stock, valued at approximately $3,120,000.

Other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of Dutch Bros in the 4th quarter worth approximately $25,000. Fortitude Family Office LLC acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $41,000. Bernard Wealth Management Corp. purchased a new position in Dutch Bros in the fourth quarter worth $43,000. SBI Securities Co. Ltd. acquired a new position in shares of Dutch Bros during the fourth quarter worth $53,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in Dutch Bros in the fourth quarter valued at about $60,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Stock Up 0.5 %

Shares of NYSE BROS traded up $0.31 during mid-day trading on Thursday, hitting $61.42. The company had a trading volume of 1,620,539 shares, compared to its average volume of 3,163,019. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88. The company has a market capitalization of $9.47 billion, a PE ratio of 180.65, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. 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 business's 50-day simple moving average is $64.65 and its 200 day simple moving average is $56.04.

Analysts Set New Price Targets

BROS has been the topic of a number of research reports. Guggenheim increased their price objective on Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. TD Securities reiterated a "buy" rating and issued a $89.00 target price on shares of Dutch Bros in a research report on Friday, March 28th. Barclays reduced their price objective on Dutch Bros from $94.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday. Wedbush restated an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research report on Monday, March 31st. Finally, Jefferies Financial Group boosted their price target on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $76.57.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 471,718 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the transaction, the chairman now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 16.95 % 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 worth $201,509,627. 42.40% of the stock is currently owned by insiders.

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.