Natixis Buys New Stake in Dutch Bros Inc. (NYSE:BROS)

Natixis purchased a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,556 shares of the company's stock, valued at approximately $3,120,000.

Other large investors also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in Dutch Bros during the third quarter valued at $573,000. Raymond James Financial Inc. bought a new position in Dutch Bros during the fourth quarter valued at $94,478,000. Clear Creek Financial Management LLC bought a new position in Dutch Bros during the fourth quarter valued at $288,000. Ferguson Wellman Capital Management Inc. bought a new position in Dutch Bros during the fourth quarter valued at $304,000. Finally, Allspring Global Investments Holdings LLC increased its position in Dutch Bros by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock valued at $49,785,000 after acquiring an additional 17,402 shares during the last quarter. Institutional investors own 85.54% of the company's stock.

Analyst Ratings Changes

BROS has been the subject of a number of recent analyst reports. Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the company an "overweight" rating in a research note on Monday, April 14th. Bank of America boosted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Barclays lowered their target price on shares of Dutch Bros from $94.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, TD Securities reissued a "buy" rating and set a $89.00 target price on shares of Dutch Bros in a research note on Friday, March 28th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $76.57.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 679,996 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the sale, the chairman now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the insider now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. This trade represents a 9.13 % decrease in their ownership of the stock. 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 Stock Up 3.2 %

Shares of BROS stock traded up $1.94 during mid-day trading on Friday, hitting $63.45. 1,705,305 shares of the stock traded hands, compared to its average volume of 3,172,499. The stock has a market cap of $9.78 billion, a P/E ratio of 186.62, a P/E/G ratio of 4.23 and a beta of 2.71. The stock's fifty day moving average is $64.22 and its two-hundred day moving average is $56.62. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

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.