Aquatic Capital Management LLC Boosts Stock Position in Dutch Bros Inc. (NYSE:BROS)

Aquatic Capital Management LLC increased its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,390 shares of the company's stock after purchasing an additional 8,290 shares during the period. Aquatic Capital Management LLC owned 0.06% of Dutch Bros worth $4,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Dutch Bros by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock worth $533,465,000 after acquiring an additional 153,070 shares during the last quarter. FMR LLC raised its stake in Dutch Bros by 98.1% during 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 in the last quarter. FIL Ltd bought a new position in Dutch Bros during the fourth quarter valued at $176,298,000. Raymond James Financial Inc. purchased a new position in shares of Dutch Bros in the 4th quarter worth $94,478,000. Finally, Geode Capital Management LLC increased its holdings in shares of Dutch Bros by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company's stock worth $94,079,000 after buying an additional 22,214 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BROS has been the subject of several recent research reports. Piper Sandler lifted their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the stock an "overweight" rating in a report on Monday, April 14th. Jefferies Financial Group raised their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. UBS Group upped their target price on Dutch Bros from $67.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Bank of America raised their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $76.57.

Dutch Bros Stock Up 2.6 %

Shares of NYSE BROS traded up $1.56 during mid-day trading on Friday, reaching $61.52. 1,202,619 shares of the company were exchanged, compared to its average volume of 3,168,350. The firm has a 50-day moving average of $62.69 and a 200 day moving average of $57.04. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of 180.97, a P/E/G ratio of 4.23 and a beta of 2.71.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the transaction, the insider now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction dated 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 transaction, the chairman now owns 2,640,779 shares of the company's stock, valued at $197,451,045.83. The trade was a 20.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 42.40% of the stock is currently owned by insiders.

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.