PDT Partners LLC Takes Position in Dutch Bros Inc. (NYSE:BROS)

PDT Partners LLC bought a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 49,134 shares of the company's stock, valued at approximately $2,574,000.

A number of other hedge funds have also added to or reduced their stakes in BROS. R Squared Ltd bought a new stake in shares of Dutch Bros in the fourth quarter worth $25,000. Coppell Advisory Solutions LLC grew its stake in shares of Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after purchasing an additional 447 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of Dutch Bros during the 4th quarter valued at about $41,000. Bernard Wealth Management Corp. bought a new position in shares of Dutch Bros in the 4th quarter worth approximately $43,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Dutch Bros in the third quarter worth approximately $50,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BROS has been the subject of a number of research reports. Piper Sandler upped their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. TD Securities reissued a "buy" rating and set a $89.00 price target on shares of Dutch Bros in a report on Friday, March 28th. Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the stock an "overweight" rating in a research note on Monday, April 14th. Finally, Wedbush reiterated an "outperform" rating and set a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. One 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $76.57.

Dutch Bros Price Performance

Dutch Bros stock traded up $1.17 during midday trading on Friday, reaching $61.13. 2,429,844 shares of the stock traded hands, compared to its average volume of 3,180,070. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The stock's fifty day moving average is $62.46 and its 200-day moving average is $57.23. The stock has a market cap of $9.43 billion, a P/E ratio of 179.80, a PEG ratio of 4.23 and a beta of 2.71.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 755,551 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the sale, the chairman now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is currently owned by insiders.

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.