Argent Trust Co bought a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,695 shares of the company's stock, valued at approximately $246,000.
Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Dutch Bros in the 4th quarter worth approximately $25,000. Fortitude Family Office LLC bought a new position in Dutch Bros in the 4th quarter worth $41,000. Bernard Wealth Management Corp. bought a new position in Dutch Bros in the fourth quarter worth about $43,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Dutch Bros during the third quarter valued at approximately $50,000. Finally, SBI Securities Co. Ltd. purchased a new position in Dutch Bros during the fourth quarter valued at $53,000. Institutional investors own 85.54% of the company's stock.
Insider Activity
In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the transaction, the insider now owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 20.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is currently owned by insiders.
Dutch Bros Price Performance
Shares of NYSE BROS traded up $0.51 during mid-day trading on Friday, hitting $58.26. 1,473,772 shares of the company's stock traded hands, compared to its average volume of 3,154,600. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 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. The company's 50-day moving average is $66.25 and its two-hundred day moving average is $55.10. The company has a market capitalization of $8.98 billion, a P/E ratio of 171.36, a PEG ratio of 4.23 and a beta of 2.71.
Wall Street Analyst Weigh In
Several analysts recently weighed in on BROS shares. Wedbush restated an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Stifel Nicolaus increased their price objective 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. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Wells Fargo & Company initiated coverage on Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective for the company. Finally, Guggenheim upped their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. One 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 stock. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of "Buy" and an average target price of $76.14.
Read Our Latest Stock Analysis on BROS
About Dutch Bros
(
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.
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