Dutch Bros (NYSE:BROS) Stock Price Up 7.4%

Dutch Bros Inc. (NYSE:BROS - Get Free Report)'s stock price rose 7.4% during mid-day trading on Tuesday . The stock traded as high as $34.20 and last traded at $34.15. Approximately 2,686,859 shares changed hands during trading, an increase of 44% from the average daily volume of 1,860,363 shares. The stock had previously closed at $31.81.

Wall Street Analyst Weigh In

BROS has been the subject of a number of analyst reports. Barclays lowered their target price on Dutch Bros from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 22nd. William Blair restated an "outperform" rating on shares of Dutch Bros in a report on Thursday, February 22nd. Wedbush reaffirmed an "outperform" rating and set a $37.00 price target on shares of Dutch Bros in a research report on Thursday, February 22nd. Stifel Nicolaus upped their price target on Dutch Bros from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Finally, TD Cowen reaffirmed a "market perform" rating and set a $33.00 price target on shares of Dutch Bros in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.38.

Dutch Bros Trading Up 7.4 %

The stock has a market cap of $6.05 billion, a PE ratio of 1,104.00 and a beta of 2.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. The company's 50-day moving average price is $28.31 and its 200 day moving average price is $27.53.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $5,682,234.18. Following the completion of the transaction, the insider now owns 1,378,683 shares in the company, valued at $38,685,844.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $5,682,234.18. Following the completion of the transaction, the insider now directly owns 1,378,683 shares of the company's stock, valued at $38,685,844.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 240,490 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $30.28, for a total transaction of $7,282,037.20. Following the transaction, the insider now directly owns 1,597,088 shares of the company's stock, valued at $48,359,824.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,139,073 shares of company stock worth $323,790,012. Corporate insiders own 49.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC raised its position in shares of Dutch Bros by 181.7% during the 3rd quarter. Barclays PLC now owns 18,774 shares of the company's stock worth $437,000 after buying an additional 12,109 shares in the last quarter. UBS Group AG raised its holdings in shares of Dutch Bros by 154.8% in the 3rd quarter. UBS Group AG now owns 144,484 shares of the company's stock worth $3,359,000 after purchasing an additional 87,781 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Dutch Bros in the 3rd quarter worth approximately $11,549,000. Versor Investments LP purchased a new position in shares of Dutch Bros in the third quarter worth approximately $481,000. Finally, Federated Hermes Inc. grew its position in Dutch Bros by 33.3% in the third quarter. Federated Hermes Inc. now owns 400,000 shares of the company's stock worth $9,300,000 after acquiring an additional 100,000 shares in the last quarter.

Dutch Bros Company Profile

Dutch Bros Inc operates and franchises drive-thru shops. The company offers coffee-based beverages, including custom drinks, cold brews, and freeze blended beverages, as well as Blue Rebel energy drinks. It also provides tea, lemonade, sodas, smoothies, and other beverages through company-operated shops and online channels.

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