First Trust Advisors LP Decreases Stake in Dutch Bros Inc. (NYSE:BROS)

First Trust Advisors LP decreased its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 91.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,710 shares of the company's stock after selling 558,122 shares during the period. First Trust Advisors LP's holdings in Dutch Bros were worth $2,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Dutch Bros during the third quarter worth $50,000. Watts Gwilliam & Co. LLC purchased a new position in shares of Dutch Bros during the 4th quarter worth about $304,000. Fortitude Family Office LLC purchased a new position in shares of Dutch Bros during the 4th quarter worth about $41,000. Harbor Capital Advisors Inc. grew its holdings in Dutch Bros by 6.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 28,637 shares of the company's stock valued at $1,500,000 after purchasing an additional 1,661 shares during the last quarter. Finally, Radnor Capital Management LLC purchased a new stake in Dutch Bros in the 4th quarter worth about $243,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the sale, the chairman now owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. This represents a 16.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Corporate insiders own 42.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BROS shares. Robert W. Baird dropped their target price on Dutch Bros from $80.00 to $66.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Piper Sandler boosted their price objective on Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Wedbush reiterated an "outperform" rating and issued a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. Barclays decreased their target price on Dutch Bros from $94.00 to $76.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Guggenheim upped their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of "Buy" and a consensus price target of $75.86.

Dutch Bros Stock Down 1.0 %

Dutch Bros stock traded down $0.57 during mid-day trading on Wednesday, reaching $59.03. 4,909,197 shares of the company were exchanged, compared to its average volume of 3,186,436. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The firm has a market cap of $9.10 billion, a P/E ratio of 173.61, a PEG ratio of 4.23 and a beta of 2.71. The business has a fifty day moving average of $61.41 and a 200 day moving average of $57.74. Dutch Bros Inc. has a 12-month low of $26.96 and a 12-month high of $86.88.

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.