Russell Investments Group Ltd. Buys 162,329 Shares of Dutch Bros Inc. (NYSE:BROS)

Russell Investments Group Ltd. grew its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 359.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,552 shares of the company's stock after buying an additional 162,329 shares during the period. Russell Investments Group Ltd. owned 0.13% of Dutch Bros worth $10,879,000 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. Virtu Financial LLC purchased a new position in shares of Dutch Bros in the third quarter valued at $573,000. Raymond James Financial Inc. purchased a new position in Dutch Bros during the 4th quarter valued at about $94,478,000. Clear Creek Financial Management LLC bought a new stake in shares of Dutch Bros during the fourth quarter valued at about $288,000. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Dutch Bros in the fourth quarter worth about $304,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Dutch Bros by 2.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock valued at $49,785,000 after acquiring an additional 17,402 shares during the period. Institutional investors own 85.54% of the company's stock.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company's stock in a transaction that occurred 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 owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 9.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Corporate insiders own 46.50% of the company's stock.

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Dutch Bros Trading Down 0.6 %

Shares of NYSE BROS traded down $0.34 during midday trading on Wednesday, hitting $57.55. 1,737,995 shares of the company traded hands, compared to its average volume of 3,154,254. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The stock has a 50-day moving average price of $66.60 and a 200 day moving average price of $54.90. The firm has a market cap of $8.87 billion, a P/E ratio of 169.27, a P/E/G ratio of 4.23 and a beta of 2.71.

Analysts Set New Price Targets

Several research firms have issued reports on BROS. UBS Group increased their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Piper Sandler boosted their price objective on Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Robert W. Baird lowered their target price on shares of Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Wedbush reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. Finally, Wells Fargo & Company initiated coverage on Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 target price on the stock. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $76.14.

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.