Dutch Bros Inc. (NYSE:BROS) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 11.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 119,561 shares of the company’s stock after selling 15,545 shares during the period. Blair William & Co. IL’s holdings in Dutch Bros were worth $6,263,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new position in Dutch Bros in the 4th quarter valued at approximately $25,000. Point72 Hong Kong Ltd purchased a new position in shares of Dutch Bros in the third quarter valued at $36,000. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the 4th quarter worth $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dutch Bros in the 3rd quarter worth about $50,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Dutch Bros in the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm’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 $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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the completion of the transaction, the chairman now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 16.95 % 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 over the last quarter. Company insiders own 46.50% of the company’s stock.

Dutch Bros Price Performance

BROS opened at $62.49 on Monday. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88. The company’s 50 day simple moving average is $67.89 and its 200 day simple moving average is $52.88. The stock has a market capitalization of $9.64 billion, a PE ratio of 183.80, 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.

Analyst Ratings Changes

BROS has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of Dutch Bros in a research report on Monday, March 24th. They set an “overweight” rating and a $82.00 target price for the company. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Jefferies Financial Group raised their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Stifel Nicolaus boosted their price target on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Piper Sandler increased their price objective on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $76.50.

About Dutch Bros

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.