Algert Global LLC raised its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 178.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,152 shares of the company's stock after buying an additional 56,550 shares during the quarter. Algert Global LLC owned 0.06% of Dutch Bros worth $4,617,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. R Squared Ltd bought a new position in shares of Dutch Bros during the 4th quarter worth approximately $25,000. Coppell Advisory Solutions LLC increased its position in Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after acquiring an additional 447 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $41,000. Bernard Wealth Management Corp. bought a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $43,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at $50,000. 85.54% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
BROS has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price objective on Dutch Bros from $80.00 to $66.00 and set an "outperform" rating for the company in a report on Monday, April 7th. UBS Group lowered their target price on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Monday. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an "overweight" rating in a report on Monday, April 14th. Barclays reduced their target price on shares of Dutch Bros from $94.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $75.86.
Read Our Latest Analysis on Dutch Bros
Dutch Bros Stock Performance
Shares of BROS stock opened at $60.38 on Tuesday. The stock has a market cap of $9.31 billion, a P/E ratio of 177.58, a P/E/G ratio of 4.23 and a beta of 2.71. The company has a fifty day moving average price of $62.15 and a two-hundred day moving average price of $57.72. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.
Insider Activity at Dutch Bros
In other news, Chairman Travis Boersma sold 755,551 shares of the 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 transaction, the chairman now directly owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction 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. This represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. Insiders own 42.40% of the company's stock.
Dutch Bros Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding BROS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dutch Bros Inc. (NYSE:BROS - Free Report).
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