Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,198,069 shares of the company's stock after purchasing an additional 27,214 shares during the period. Baird Financial Group Inc. owned approximately 0.78% of Dutch Bros worth $62,755,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. FIL Ltd acquired a new position in shares of Dutch Bros in the 4th quarter valued at $176,298,000. FMR LLC increased its holdings in shares of Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Dutch Bros in the fourth quarter worth about $94,478,000. Concurrent Investment Advisors LLC raised its stake in shares of Dutch Bros by 317.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock worth $53,878,000 after purchasing an additional 782,164 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Dutch Bros during the fourth quarter worth about $25,706,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 7.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of Dutch Bros 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 owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their position. 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 three months. Insiders own 42.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BROS shares. Stifel Nicolaus lifted their price objective on Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Wedbush restated an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research report on Monday, March 31st. Barclays cut their target price on shares of Dutch Bros from $94.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company assumed coverage on shares of Dutch Bros in a research report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price target on the stock. Finally, Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the stock an "overweight" rating in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $75.86.

Dutch Bros Price Performance

NYSE BROS traded down $0.57 during mid-day trading on Wednesday, hitting $59.03. The stock had a trading volume of 4,909,197 shares, compared to its average volume of 3,186,436. The firm's 50 day moving average is $61.41 and its 200 day moving average is $57.74. 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 stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 173.61, a PEG ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a twelve month low of $26.96 and a twelve month high of $86.88.

Dutch Bros Company 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.