Trexquant Investment LP Trims Position in Dutch Bros Inc. (NYSE:BROS)

Trexquant Investment LP lowered its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 365,384 shares of the company's stock after selling 63,712 shares during the quarter. Trexquant Investment LP owned about 0.24% of Dutch Bros worth $19,139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BROS. Raymond James Financial Inc. acquired a new position in shares of Dutch Bros during the fourth quarter valued at about $94,478,000. Wellington Management Group LLP lifted its position in Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company's stock valued at $63,527,000 after acquiring an additional 1,141,913 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Dutch Bros by 317.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock valued at $53,878,000 after purchasing an additional 782,164 shares during the last quarter. State Street Corp boosted its stake in Dutch Bros by 34.8% during the 3rd quarter. State Street Corp now owns 1,734,646 shares of the company's stock valued at $55,561,000 after purchasing an additional 447,456 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Dutch Bros by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company's stock worth $56,814,000 after purchasing an additional 397,754 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the transaction, the chairman now owns 2,903,316 shares in the company, valued at $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last ninety days. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Stock Performance

Dutch Bros stock traded down $5.59 during trading on Friday, hitting $51.31. The stock had a trading volume of 5,051,267 shares, compared to its average volume of 3,114,395. The stock's 50 day moving average is $67.75 and its two-hundred day moving average is $53.61. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 150.93, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Guggenheim upped their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. 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 research report on Tuesday, January 7th. UBS Group upped their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus lifted their target price on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $78.36.

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.