Bayesian Capital Management LP Makes New $3.53 Million Investment in Dutch Bros Inc. (NYSE:BROS)

Bayesian Capital Management LP acquired a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 67,301 shares of the company's stock, valued at approximately $3,525,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BROS. Virtu Financial LLC bought a new position in Dutch Bros in the third quarter valued at about $573,000. Raymond James Financial Inc. bought a new position in shares of Dutch Bros during the fourth quarter valued at $94,478,000. Clear Creek Financial Management LLC bought a new stake in shares of Dutch Bros in the fourth quarter worth $288,000. Ferguson Wellman Capital Management Inc. acquired a new stake in Dutch Bros in the fourth quarter valued at $304,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Dutch Bros by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock valued at $49,785,000 after buying an additional 17,402 shares during the last quarter. Institutional investors own 85.54% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on BROS. UBS Group decreased their target price on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Monday. Piper Sandler lifted their price objective on Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price target on Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Robert W. Baird cut their target price on shares of Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. boosted their target price on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $75.86.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded down $0.57 on Wednesday, reaching $59.03. 4,909,197 shares of the company traded hands, compared to its average volume of 3,186,436. 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 has a 50 day moving average of $61.41 and a 200 day moving average of $57.74. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The firm has a market capitalization of $9.10 billion, a PE ratio of 173.61, a PEG ratio of 4.23 and a beta of 2.71.

Insider Buying and Selling

In other news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros 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 transaction, the insider now directly owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 7.31 % 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 the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of the business's stock in a transaction on 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 owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 42.40% of the stock is owned by insiders.

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.