William Blair Investment Management LLC Increases Stock Position in Dutch Bros Inc. (NYSE:BROS)

William Blair Investment Management LLC boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 392,513 shares of the company's stock after buying an additional 53,838 shares during the period. William Blair Investment Management LLC owned approximately 0.25% of Dutch Bros worth $20,560,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Dutch Bros in the third quarter valued at about $573,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company's stock valued at $22,021,000 after purchasing an additional 181,636 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Dutch Bros in the fourth quarter valued at about $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 valued at $6,817,000 after purchasing an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Dutch Bros in the fourth quarter valued at about $288,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Piper Sandler increased their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. UBS Group increased their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Robert W. Baird increased their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Stifel Nicolaus increased their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Barclays upgraded shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $75.75.

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Dutch Bros Stock Performance

NYSE:BROS traded up $0.06 on Friday, reaching $65.55. 2,806,882 shares of the company's stock were exchanged, compared to its average volume of 2,993,968. 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 firm has a market cap of $10.11 billion, a price-to-earnings ratio of 192.81, a P/E/G ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The stock has a fifty day simple moving average of $67.04 and a 200-day simple moving average of $51.36.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the sale, the chairman now directly owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the sale, the insider now directly owns 2,640,779 shares in the company, valued at approximately $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 sold 2,643,632 shares of company stock worth $201,509,627 over the last quarter. 46.50% of the stock is currently owned by company insiders.

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.