5,800 Shares in Dutch Bros Inc. (NYSE:BROS) Bought by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,800 shares of the company's stock, valued at approximately $304,000.

A number of other large investors have also recently bought and sold shares of the stock. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros during the third quarter valued at $224,461,000. Wasatch Advisors LP lifted its stake in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company's stock valued at $132,229,000 after buying an additional 2,885,306 shares during the period. Eagle Asset Management Inc. raised its position in shares of Dutch Bros by 58.0% during the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company's stock worth $64,715,000 after purchasing an additional 741,771 shares during the period. Wellington Management Group LLP raised its position in shares of Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company's stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the period. Finally, Joho Capital LLC raised its position in shares of Dutch Bros by 40.7% during the third quarter. Joho Capital LLC now owns 1,919,514 shares of the company's stock worth $61,482,000 after purchasing an additional 555,000 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Price Performance

Shares of BROS traded down $1.69 during midday trading on Friday, hitting $81.85. The company's stock had a trading volume of 4,065,171 shares, compared to its average volume of 2,954,698. Dutch Bros Inc. has a one year low of $26.38 and a one year high of $86.42. The company's fifty day simple moving average is $58.89 and its two-hundred day simple moving average is $44.83. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 282.26, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays upgraded Dutch Bros from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. Bank of America raised their price target on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, January 27th. TD Securities lifted their target price on Dutch Bros from $65.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday. Piper Sandler lifted their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Jefferies Financial Group lifted their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $74.83.

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.