Schonfeld Strategic Advisors LLC Raises Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Schonfeld Strategic Advisors LLC raised its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 558.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 107,139 shares of the company's stock after buying an additional 90,867 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.07% of Dutch Bros worth $5,612,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Dutch Bros during the 4th quarter worth about $25,000. Coppell Advisory Solutions LLC raised its stake in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. Fortitude Family Office LLC bought a new stake in Dutch Bros during the fourth quarter worth $41,000. Bernard Wealth Management Corp. acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $43,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Dutch Bros during the fourth quarter worth about $53,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

Shares of NYSE:BROS traded down $0.73 during trading on Monday, hitting $60.38. The company's stock had a trading volume of 2,409,070 shares, compared to its average volume of 3,182,108. 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 $9.31 billion, a price-to-earnings ratio of 177.58, a P/E/G ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The company has a 50-day moving average of $62.15 and a 200-day moving average of $57.72.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 755,551 shares of the company's stock in a transaction dated 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 completion of the transaction, the chairman now 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. This represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last quarter. 42.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on BROS. Guggenheim lifted their price objective on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Wells Fargo & Company started coverage on Dutch Bros in a report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price objective for the company. Robert W. Baird lowered their target price on shares of Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, Stifel Nicolaus raised 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. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $75.86.

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.