Dimensional Fund Advisors LP Acquires 117,878 Shares of Dutch Bros Inc. (NYSE:BROS)

Dimensional Fund Advisors LP grew its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731,667 shares of the company's stock after acquiring an additional 117,878 shares during the period. Dimensional Fund Advisors LP owned about 0.47% of Dutch Bros worth $38,325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BROS. R Squared Ltd bought a new stake in Dutch Bros in the 4th quarter valued at about $25,000. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $41,000. Bernard Wealth Management Corp. acquired a new stake in Dutch Bros in the 4th quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB bought a new stake in Dutch Bros during the 3rd quarter valued at $50,000. Finally, SBI Securities Co. Ltd. acquired a new position in Dutch Bros during the 4th quarter worth $53,000. Institutional investors own 85.54% of the company's stock.

Dutch Bros Price Performance

Shares of NYSE BROS traded down $0.57 during midday trading on Wednesday, reaching $59.03. 4,909,197 shares of the company traded hands, compared to its average volume of 3,186,436. The stock's 50-day simple moving average is $61.41 and its 200-day simple moving average is $57.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The firm has a market cap of $9.10 billion, a PE ratio of 173.61, a PEG ratio of 4.23 and a beta of 2.71.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company's stock in a transaction dated 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 owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction 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. Insiders have sold a total of 2,643,632 shares of company stock valued at $201,509,627 in the last 90 days. 42.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BROS has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Stifel Nicolaus raised their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a report on Friday, February 28th. Bank of America increased their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. UBS Group reduced their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Monday. Finally, Wedbush reissued an "outperform" rating and set a $90.00 price objective on shares of Dutch Bros in a 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. According to data from MarketBeat, Dutch Bros currently has an average rating of "Buy" and a consensus price target of $75.86.

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.