Nordea Investment Management AB Takes $3.85 Million Position in Dutch Bros Inc. (NYSE:BROS)

Nordea Investment Management AB bought a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 121,508 shares of the company's stock, valued at approximately $3,852,000. Nordea Investment Management AB owned about 0.07% of Dutch Bros as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in BROS. FMR LLC boosted its holdings in Dutch Bros by 42.9% in the third quarter. FMR LLC now owns 8,581,751 shares of the company's stock valued at $199,526,000 after acquiring an additional 2,578,145 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Dutch Bros by 32.1% in the third quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company's stock valued at $107,288,000 after acquiring an additional 1,120,908 shares during the last quarter. American Century Companies Inc. boosted its holdings in Dutch Bros by 191.7% in the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company's stock valued at $27,369,000 after acquiring an additional 773,616 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Dutch Bros by 5.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,024,255 shares of the company's stock valued at $32,418,000 after buying an additional 49,097 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in Dutch Bros by 59.0% in the second quarter. Clearbridge Investments LLC now owns 867,757 shares of the company's stock valued at $24,688,000 after buying an additional 322,160 shares during the period.

Dutch Bros Stock Down 5.8 %

Shares of NYSE:BROS traded down $2.05 during mid-day trading on Friday, reaching $33.57. 9,769,930 shares of the stock were exchanged, compared to its average volume of 2,518,510. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68. The company has a market cap of $5.95 billion, a P/E ratio of 1,119.00 and a beta of 2.39. Dutch Bros Inc. has a one year low of $22.67 and a one year high of $36.17. The stock's 50 day simple moving average is $29.09 and its 200-day simple moving average is $27.85.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.03. The business had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. As a group, equities research analysts predict that Dutch Bros Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,743 shares of the firm's stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $32.00, for a total value of $55,776.00. Following the completion of the transaction, the insider now directly owns 2,264,152 shares in the company, valued at $72,452,864. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 1,743 shares of the firm's stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $32.00, for a total value of $55,776.00. Following the completion of the transaction, the insider now directly owns 2,264,152 shares in the company, valued at $72,452,864. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $28.90, for a total value of $231,200,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,916,774 shares of company stock worth $290,705,144. 49.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen reissued a "market perform" rating and issued a $33.00 target price on shares of Dutch Bros in a research note on Thursday, February 22nd. Piper Sandler raised Dutch Bros from a "neutral" rating to an "overweight" rating and increased their target price for the company from $32.00 to $37.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. increased their target price on Dutch Bros from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, March 19th. Barclays cut their target price on Dutch Bros from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 22nd. Finally, William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Dutch Bros Company 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.