Tower Research Capital LLC TRC decreased its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 58.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,361 shares of the company's stock after selling 7,473 shares during the period. Tower Research Capital LLC TRC's holdings in Dutch Bros were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Dutch Bros during the fourth quarter worth $25,000. Fortitude Family Office LLC bought a new position in Dutch Bros in the 4th quarter valued at approximately $41,000. Bernard Wealth Management Corp. acquired a new stake in Dutch Bros during the 4th quarter worth approximately $43,000. Wilmington Savings Fund Society FSB bought a new stake in Dutch Bros during the 3rd quarter worth approximately $50,000. Finally, SBI Securities Co. Ltd. acquired a new position in Dutch Bros in the 4th quarter valued at approximately $53,000. 85.54% of the stock is owned by institutional investors.
Dutch Bros Stock Down 1.2 %
Shares of NYSE BROS traded down $0.73 during trading on Monday, hitting $60.38. The stock had a trading volume of 2,409,070 shares, compared to its average volume of 3,182,108. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The firm has a fifty day moving average of $62.15 and a two-hundred day moving average of $57.72. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The company has a market capitalization of $9.31 billion, a PE ratio of 177.58, a PEG ratio of 4.23 and a beta of 2.71.
Insiders Place Their Bets
In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business'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 transaction, the insider now directly owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 471,718 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 transaction of $35,808,113.38. Following the transaction, the chairman now owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. The trade was a 16.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Corporate insiders own 42.40% of the company's stock.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. TD Securities reaffirmed a "buy" rating and set a $89.00 target price on shares of Dutch Bros in a research report on Friday, March 28th. Baird R W upgraded shares of Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Bank of America upped their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Wedbush restated an "outperform" rating and issued a $90.00 target price on shares of Dutch Bros in a report on Monday, March 31st. Finally, Guggenheim increased their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $75.86.
Read Our Latest Stock Report on BROS
Dutch Bros Profile
(
Free Report)
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.
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