90,434 Shares in Dutch Bros Inc. (NYSE:BROS) Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 90,434 shares of the company's stock, valued at approximately $4,737,000. Quantbot Technologies LP owned about 0.06% of Dutch Bros at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank boosted its holdings in Dutch Bros by 10.4% in the 3rd quarter. Amalgamated Bank now owns 6,048 shares of the company's stock worth $194,000 after buying an additional 570 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Dutch Bros by 23.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 62,891 shares of the company's stock worth $2,014,000 after acquiring an additional 11,880 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Dutch Bros by 18.1% in the third quarter. Victory Capital Management Inc. now owns 23,523 shares of the company's stock worth $753,000 after acquiring an additional 3,605 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Dutch Bros in the third quarter valued at $1,207,000. Finally, KBC Group NV raised its stake in shares of Dutch Bros by 53.3% during the 3rd quarter. KBC Group NV now owns 3,025 shares of the company's stock valued at $97,000 after purchasing an additional 1,052 shares during the period. Institutional investors own 85.54% of the company's stock.

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Dutch Bros Price Performance

BROS stock traded up $3.11 during mid-day trading on Wednesday, hitting $66.12. 5,349,882 shares of the stock were exchanged, compared to its average volume of 2,977,955. The business has a fifty day moving average price of $66.49 and a 200 day moving average price of $50.91. 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 current ratio of 1.76 and a quick ratio of 1.58. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 194.48, a PEG ratio of 4.23 and a beta of 2.65.

Wall Street Analyst Weigh In

Several brokerages have commented on BROS. JPMorgan Chase & Co. raised their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Wedbush boosted their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Piper Sandler upped their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Finally, William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. One 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. According to MarketBeat, Dutch Bros currently has a consensus rating of "Buy" and a consensus price target of $75.75.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 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 value of $13,824,956.93. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of the company'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 sale, the chairman now owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. The trade was a 20.48 % 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 worth $201,509,627 in the last quarter. 46.50% of the stock is 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.