Commonwealth Equity Services LLC Raises Position in Dutch Bros Inc. (NYSE:BROS)

Commonwealth Equity Services LLC boosted its position in Dutch Bros Inc. (NYSE:BROS) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,711 shares of the company’s stock after purchasing an additional 679 shares during the period. Commonwealth Equity Services LLC’s holdings in Dutch Bros were worth $8,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank lifted its position in shares of Dutch Bros by 0.7% during the 4th quarter. Swiss National Bank now owns 223,800 shares of the company’s stock valued at $11,723,000 after buying an additional 1,500 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Dutch Bros by 8.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 41,767 shares of the company’s stock valued at $2,188,000 after purchasing an additional 3,134 shares during the last quarter. Prosperity Wealth Management Inc. boosted its position in Dutch Bros by 4.8% during the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company’s stock worth $502,000 after purchasing an additional 435 shares during the period. Independent Advisor Alliance increased its stake in shares of Dutch Bros by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 18,535 shares of the company’s stock worth $971,000 after purchasing an additional 462 shares in the last quarter. Finally, Taika Capital LP bought a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $746,000. 85.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price objective 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. Jefferies Financial Group lifted their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. UBS Group increased their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $75.75.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 9.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction that occurred on 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 transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $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. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 over the last 90 days. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Stock Performance

NYSE BROS opened at $66.12 on Thursday. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88. The company has a fifty day moving average of $66.69 and a 200-day moving average of $51.02. The company has a market capitalization of $10.20 billion, a P/E ratio of 194.48, a P/E/G ratio of 4.23 and a beta of 2.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

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.