Dutch Bros Inc. (NYSE:BROS) Stock Position Decreased by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 57.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 834,709 shares of the company's stock after selling 1,148,659 shares during the period. Wellington Management Group LLP owned about 0.54% of Dutch Bros worth $43,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BROS. The Manufacturers Life Insurance Company lifted its position in Dutch Bros by 46.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,957 shares of the company's stock valued at $895,000 after purchasing an additional 8,873 shares during the period. MetLife Investment Management LLC raised its position in shares of Dutch Bros by 16.9% in the third quarter. MetLife Investment Management LLC now owns 3,878 shares of the company's stock worth $124,000 after acquiring an additional 562 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dutch Bros by 54.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,493 shares of the company's stock worth $624,000 after acquiring an additional 6,866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Dutch Bros by 38.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company's stock worth $6,817,000 after acquiring an additional 58,623 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in shares of Dutch Bros by 74.7% in the third quarter. Rockefeller Capital Management L.P. now owns 65,983 shares of the company's stock worth $2,113,000 after acquiring an additional 28,204 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

BROS has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Baird R W upgraded shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. 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. Robert W. Baird cut their target price on shares of Dutch Bros from $80.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Wells Fargo & Company assumed coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They set an "overweight" rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $76.29.

Dutch Bros Stock Down 5.9 %

Dutch Bros stock traded down $3.58 during mid-day trading on Thursday, reaching $56.82. 1,034,488 shares of the company's stock were exchanged, compared to its average volume of 3,135,404. The company has a fifty day moving average of $67.21 and a 200-day moving average of $54.22. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a market cap of $8.76 billion, a P/E ratio of 167.26, a P/E/G ratio of 4.23 and a beta of 2.71.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction on Friday, February 21st. The stock was 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 $225,674,752.68. This represents a 20.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. The trade was a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Company insiders own 46.50% of the company's stock.

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.