Stifel Financial Corp Reduces Holdings in Dutch Bros Inc. (NYSE:BROS)

Stifel Financial Corp cut its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 159,755 shares of the company's stock after selling 9,038 shares during the period. Stifel Financial Corp owned about 0.10% of Dutch Bros worth $8,368,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BROS. Vanguard Group Inc. grew its position in shares of Dutch Bros by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock valued at $533,465,000 after acquiring an additional 153,070 shares during the period. FMR LLC grew its stake in Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after acquiring an additional 3,227,435 shares in the last quarter. FIL Ltd purchased a new position in shares of Dutch Bros during the 4th quarter valued at $176,298,000. Raymond James Financial Inc. bought a new position in Dutch Bros in the 4th quarter worth about $94,478,000. Finally, Geode Capital Management LLC raised its stake in Dutch Bros by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company's stock valued at $94,079,000 after purchasing an additional 22,214 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the transaction, the chairman now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 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 $19,629,891.49. Following the completion of the transaction, the insider now owns 2,640,779 shares of the company's stock, valued at approximately $197,451,045.83. This represents a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock valued at $201,509,627 in the last 90 days. Insiders own 42.40% of the company's stock.

Wall Street Analyst Weigh In

BROS has been the subject of several research analyst reports. Piper Sandler lifted their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Guggenheim boosted their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Stifel Nicolaus upped their target price on Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Wells Fargo & Company started coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price target on the stock. Finally, Baird R W raised shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Dutch Bros has an average rating of "Buy" and an average target price of $76.57.

Dutch Bros Stock Down 2.2 %

Shares of BROS stock traded down $1.32 on Wednesday, hitting $59.66. The stock had a trading volume of 2,741,102 shares, compared to its average volume of 3,176,950. 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 one year low of $26.85 and a one year high of $86.88. The business has a 50 day moving average price of $63.00 and a 200 day moving average price of $56.87. The company has a market cap of $9.20 billion, a PE ratio of 175.48, a P/E/G ratio of 4.23 and a beta of 2.71.

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.