Price T Rowe Associates Inc. MD Purchases 130,931 Shares of Dutch Bros Inc. (NYSE:BROS)

Price T Rowe Associates Inc. MD increased its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 254.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 182,444 shares of the company's stock after acquiring an additional 130,931 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.12% of Dutch Bros worth $9,557,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Natixis purchased a new position in shares of Dutch Bros in the fourth quarter valued at $3,120,000. NWK Group Inc. purchased a new position in Dutch Bros during the 4th quarter valued at about $3,664,000. Dimensional Fund Advisors LP increased its position in shares of Dutch Bros by 19.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 731,667 shares of the company's stock valued at $38,325,000 after buying an additional 117,878 shares during the period. Alpha DNA Investment Management LLC bought a new stake in shares of Dutch Bros during the fourth quarter valued at about $451,000. Finally, EAM Investors LLC purchased a new stake in shares of Dutch Bros in the fourth quarter worth about $5,163,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company's 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 sale, the insider now directly owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This represents a 7.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction dated 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 transaction, the chairman now directly owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 42.40% of the stock is currently owned by company insiders.

Dutch Bros Trading Down 1.0 %

BROS stock traded down $0.57 during midday trading on Wednesday, hitting $59.03. The company had a trading volume of 4,909,197 shares, compared to its average volume of 3,187,936. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The stock's 50 day moving average price is $61.82 and its 200 day moving average price is $57.73. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 173.61, a PEG ratio of 4.23 and a beta of 2.71.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. As a group, equities research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BROS. Stifel Nicolaus upped their target price on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Wedbush reiterated an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research report on Monday, March 31st. Wells Fargo & Company initiated coverage on Dutch Bros in a research report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 target price for the company. Jefferies Financial Group raised their price target on Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, TD Securities restated a "buy" rating and issued a $89.00 price objective on shares of Dutch Bros in a research report on Friday, March 28th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Dutch Bros has a consensus rating of "Buy" and an average price target of $75.86.

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.