TRUE Private Wealth Advisors Sells 1,000 Shares of Dutch Bros Inc. (NYSE:BROS)

TRUE Private Wealth Advisors lowered its position in shares of Dutch Bros Inc. (NYSE:BROS) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,397 shares of the company’s stock after selling 1,000 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Dutch Bros were worth $3,635,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in shares of Dutch Bros by 3.6% in the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock valued at $328,000 after buying an additional 220 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Dutch Bros by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after acquiring an additional 260 shares during the last quarter. Level Four Advisory Services LLC grew its stake in shares of Dutch Bros by 6.1% during the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock valued at $356,000 after purchasing an additional 392 shares during the last quarter. Prosperity Wealth Management Inc. raised its position in Dutch Bros by 4.8% in the 4th 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 last quarter. Finally, Independent Advisor Alliance raised its position in shares of Dutch Bros by 2.6% during the fourth quarter. Independent Advisor Alliance now owns 18,535 shares of the company’s stock worth $971,000 after acquiring an additional 462 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Guggenheim lifted their price objective on Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. TD Securities reiterated a “buy” rating and set a $89.00 price target on shares of Dutch Bros in a research report on Friday, March 28th. Morgan Stanley assumed coverage on shares of Dutch Bros in a report on Monday, March 24th. They issued an “overweight” rating and a $82.00 price objective on the stock. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $76.29.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the sale, the chairman now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Price Performance

Shares of BROS opened at $52.57 on Wednesday. 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 twelve month low of $26.85 and a twelve month high of $86.88. The stock has a market capitalization of $8.11 billion, a P/E ratio of 154.63, a P/E/G ratio of 4.23 and a beta of 2.71. The company has a 50 day moving average of $67.30 and a 200-day moving average of $53.99.

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.