Dutch Bros Inc. (NYSE:BROS) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. reduced its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,470,822 shares of the company's stock after selling 534,132 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.60% of Dutch Bros worth $129,422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FIL Ltd purchased a new stake in shares of Dutch Bros in the fourth quarter worth $176,298,000. FMR LLC boosted its holdings in shares of Dutch Bros by 98.1% during the 4th quarter. FMR LLC now owns 6,516,479 shares of the company's stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Dutch Bros in the fourth quarter worth about $94,478,000. Concurrent Investment Advisors LLC increased its holdings in shares of Dutch Bros by 317.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company's stock worth $53,878,000 after purchasing an additional 782,164 shares during the last quarter. Finally, Granite Investment Partners LLC lifted its position in shares of Dutch Bros by 141.2% in the fourth quarter. Granite Investment Partners LLC now owns 695,430 shares of the company's stock worth $36,427,000 after buying an additional 407,168 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BROS. Baird R W raised Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Jefferies Financial Group increased their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Wedbush reaffirmed an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a report on Monday, March 31st. 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, JPMorgan Chase & Co. raised their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $76.57.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the sale, the chairman now owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 20.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is owned by corporate insiders.

Dutch Bros Stock Down 3.7 %

Shares of NYSE:BROS traded down $2.23 on Wednesday, reaching $58.75. The company had a trading volume of 1,224,583 shares, compared to its average volume of 3,164,473. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $9.06 billion, a PE ratio of 172.80, a PEG ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88. The firm's 50 day simple moving average is $63.33 and its 200-day simple moving average is $56.85.

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.