Oppenheimer & Co. Inc. purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,996 shares of the company's stock, valued at approximately $1,362,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning grew its stake in Dutch Bros by 62.3% in the third quarter. Creative Planning now owns 12,451 shares of the company's stock valued at $399,000 after acquiring an additional 4,778 shares during the period. US Bancorp DE raised its position in shares of Dutch Bros by 8.9% in the third quarter. US Bancorp DE now owns 11,224 shares of the company's stock worth $360,000 after buying an additional 922 shares in the last quarter. Stephens Inc. AR bought a new stake in Dutch Bros during the third quarter valued at $209,000. Farther Finance Advisors LLC raised its holdings in shares of Dutch Bros by 8.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,844 shares of the company's stock valued at $219,000 after acquiring an additional 544 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Dutch Bros by 73.1% during the third quarter. Harbor Capital Advisors Inc. now owns 26,976 shares of the company's stock valued at $864,000 after purchasing an additional 11,392 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have weighed in on BROS shares. Wedbush boosted their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Piper Sandler increased their price target 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. Robert W. Baird raised their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. TD Securities upped their price objective on shares of Dutch Bros from $65.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus raised their target price on Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Dutch Bros currently has a consensus rating of "Buy" and a consensus price target of $75.75.
Check Out Our Latest Stock Report on Dutch Bros
Insider Buying and Selling
In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 sale, the insider now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This represents a 9.04 % 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 worth $201,509,627 in the last three months. 46.50% of the stock is owned by corporate insiders.
Dutch Bros Stock Down 1.6 %
BROS traded down $1.01 during trading on Friday, reaching $63.77. The stock had a trading volume of 4,443,724 shares, compared to its average volume of 3,170,650. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 187.58, a P/E/G ratio of 4.23 and a beta of 2.65. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock's 50 day moving average is $65.43 and its two-hundred day moving average is $48.97.
Dutch Bros Company Profile
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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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