Taika Capital LP Buys Shares of 14,243 Dutch Bros Inc. (NYSE:BROS)

Taika Capital LP bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,243 shares of the company's stock, valued at approximately $746,000.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Dutch Bros during the 4th quarter valued at approximately $25,000. Hollencrest Capital Management increased its holdings in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock valued at $29,000 after purchasing an additional 314 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Dutch Bros during the 3rd quarter valued at approximately $36,000. Fortitude Family Office LLC purchased a new position in shares of Dutch Bros during the 4th quarter valued at approximately $41,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Dutch Bros during the 3rd quarter valued at approximately $44,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 755,551 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the transaction, the chairman now owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their position. 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 291,707 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the transaction, the insider now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock valued at $201,509,627 in the last 90 days. 46.50% of the stock is owned by insiders.

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Dutch Bros Price Performance

BROS traded up $2.08 on Wednesday, hitting $62.25. 3,442,811 shares of the company's stock were exchanged, compared to its average volume of 3,212,425. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. 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 firm has a 50-day moving average price of $65.90 and a 200-day moving average price of $49.83. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 183.08, a P/E/G ratio of 4.23 and a beta of 2.65.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Baird R W raised shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. William Blair reissued an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. UBS Group boosted their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. TD Securities boosted their price target on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Piper Sandler boosted their price target 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. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $75.75.

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.