Dutch Bros Inc. (NYSE:BROS) Shares Bought by Polen Capital Management LLC

Polen Capital Management LLC lifted its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 137.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,023 shares of the company's stock after acquiring an additional 60,782 shares during the quarter. Polen Capital Management LLC owned 0.07% of Dutch Bros worth $5,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in shares of Dutch Bros by 0.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 161,711 shares of the company's stock valued at $8,470,000 after acquiring an additional 679 shares in the last quarter. Swiss National Bank grew its stake in Dutch Bros by 0.7% in the fourth quarter. Swiss National Bank now owns 223,800 shares of the company's stock valued at $11,723,000 after purchasing an additional 1,500 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in Dutch Bros by 8.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 41,767 shares of the company's stock valued at $2,188,000 after purchasing an additional 3,134 shares during the last quarter. Prosperity Wealth Management Inc. grew its stake in Dutch Bros by 4.8% in the fourth 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 grew its stake in Dutch Bros by 2.6% in the fourth 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. 85.54% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 471,718 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $35,808,113.38. Following the completion of the transaction, the chairman now directly owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. The trade was a 16.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 over the last quarter. 46.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on BROS shares. Wedbush lifted their target price on Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Barclays upgraded Dutch Bros from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Stifel Nicolaus lifted their target price on Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, Bank of America lifted their target price 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 equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Dutch Bros currently has a consensus rating of "Buy" and an average price target of $75.75.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded down $0.58 on Thursday, reaching $65.71. 4,392,805 shares of the stock were exchanged, compared to its average volume of 2,987,128. 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 twelve month low of $26.85 and a twelve month high of $86.88. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 193.27, a PEG ratio of 4.23 and a beta of 2.65. The business has a 50 day moving average price of $66.69 and a two-hundred day moving average price of $51.02.

About Dutch Bros

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.