Taylor Frigon Capital Management LLC Sells 16,705 Shares of Dutch Bros Inc. (NYSE:BROS)

Taylor Frigon Capital Management LLC lessened its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,930 shares of the company’s stock after selling 16,705 shares during the period. Dutch Bros makes up 1.7% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 14th biggest position. Taylor Frigon Capital Management LLC’s holdings in Dutch Bros were worth $3,296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BROS. Baillie Gifford & Co. bought a new position in Dutch Bros in the third quarter valued at approximately $224,461,000. Wasatch Advisors LP raised its holdings in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after acquiring an additional 2,885,306 shares during the period. Eagle Asset Management Inc. lifted its position in Dutch Bros by 58.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after acquiring an additional 741,771 shares in the last quarter. Wellington Management Group LLP boosted its stake in Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the period. Finally, Joho Capital LLC boosted its stake in Dutch Bros by 40.7% in the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock worth $61,482,000 after purchasing an additional 555,000 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

Shares of BROS opened at $75.43 on Thursday. 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 50-day moving average of $63.14 and a 200-day moving average of $47.31. The company has a market cap of $11.63 billion, a PE ratio of 221.87, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Bank of America boosted their target price on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Robert W. Baird raised their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $74.83.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction 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 completion of the sale, the chairman now owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the transaction, the insider now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,989,791 shares of company stock worth $151,876,557. Company insiders own 46.50% of the company’s stock.

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.