Nebula Research & Development LLC Sells 18,398 Shares of Dutch Bros Inc. (NYSE:BROS)

Nebula Research & Development LLC trimmed its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 41.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,200 shares of the company's stock after selling 18,398 shares during the period. Nebula Research & Development LLC's holdings in Dutch Bros were worth $1,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FIL Ltd bought a new position in shares of Dutch Bros in the 4th quarter worth $176,298,000. FMR LLC raised its position in Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after purchasing an additional 3,227,435 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Dutch Bros during the fourth quarter worth about $94,478,000. Concurrent Investment Advisors LLC boosted its holdings in shares of Dutch Bros by 317.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock worth $53,878,000 after purchasing an additional 782,164 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of Dutch Bros during the 4th quarter valued at about $25,706,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on BROS shares. Guggenheim upped their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. UBS Group upped their price objective 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. Wedbush reaffirmed an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a report on Monday, March 31st. JPMorgan Chase & Co. boosted their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Finally, Bank of America raised their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, January 27th. 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 data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $76.57.

Dutch Bros Trading Down 1.0 %

BROS stock traded down $0.63 on Tuesday, reaching $60.89. The company's stock had a trading volume of 2,573,503 shares, compared to its average volume of 3,172,027. The firm has a market cap of $9.39 billion, a PE ratio of 179.09, a PEG ratio of 4.23 and a beta of 2.71. The business has a fifty day simple moving average of $63.33 and a two-hundred day simple moving average of $56.85. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month 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.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the sale, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the 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 transaction, the insider now owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This trade represents a 9.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is currently owned by corporate insiders.

Dutch Bros 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.