Beck Bode LLC Sells 20,002 Shares of Dutch Bros Inc. (NYSE:BROS)

Beck Bode LLC trimmed its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 80.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the company's stock after selling 20,002 shares during the period. Beck Bode LLC's holdings in Dutch Bros were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Amalgamated Bank grew its position in shares of Dutch Bros by 3.6% in the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company's stock valued at $328,000 after purchasing an additional 220 shares in the last quarter. Arizona State Retirement System boosted its stake in Dutch Bros by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock worth $1,730,000 after purchasing an additional 260 shares during the period. Treasurer of the State of North Carolina grew its holdings in Dutch Bros by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock valued at $2,517,000 after buying an additional 310 shares in the last quarter. Level Four Advisory Services LLC increased its position in shares of Dutch Bros by 6.1% during the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock valued at $356,000 after buying an additional 392 shares during the period. Finally, Prosperity Wealth Management Inc. increased its position in shares of Dutch Bros by 4.8% during the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company's stock valued at $502,000 after buying an additional 435 shares during the period. Institutional investors own 85.54% of the company's stock.

Dutch Bros Trading Down 1.0 %

Shares of Dutch Bros stock traded down $0.57 during trading on Wednesday, reaching $59.03. The company's stock had a trading volume of 4,909,197 shares, compared to its average volume of 3,186,436. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52-week low of $26.96 and a 52-week high of $86.88. The firm's 50-day moving average is $61.41 and its two-hundred day moving average is $57.74. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 173.61, a PEG ratio of 4.23 and a beta of 2.71.

Analysts Set New Price Targets

BROS has been the subject of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price objective for the company. Stifel Nicolaus upped their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Bank of America increased their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Finally, Piper Sandler raised their price target on Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $75.86.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the sale, the chairman now owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the transaction, the insider now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 over the last three months. Insiders own 42.40% of the company's stock.

About Dutch Bros

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.