Independent Advisor Alliance Has $971,000 Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Independent Advisor Alliance boosted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,535 shares of the company’s stock after purchasing an additional 462 shares during the period. Independent Advisor Alliance’s holdings in Dutch Bros were worth $971,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Taika Capital LP acquired a new position in Dutch Bros during the fourth quarter valued at approximately $746,000. Amundi boosted its position in Dutch Bros by 21,821.0% during the fourth quarter. Amundi now owns 226,005 shares of the company’s stock valued at $12,701,000 after purchasing an additional 224,974 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Dutch Bros during the fourth quarter valued at approximately $94,478,000. Arizona State Retirement System boosted its position in Dutch Bros by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after purchasing an additional 260 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Dutch Bros by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 24,586 shares of the company’s stock valued at $1,288,000 after purchasing an additional 1,063 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the transaction, the insider now owns 2,903,316 shares in the company, valued at $225,674,752.68. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Company insiders own 46.50% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $62.40 on Friday. The firm has a market cap of $9.62 billion, a P/E ratio of 183.53, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88. The business’s 50 day moving average is $66.29 and its 200-day moving average is $50.33.

Analysts Set New Price Targets

BROS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Wedbush raised their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Bank of America raised their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Stifel Nicolaus raised their price objective on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 28th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $75.75.

Dutch Bros 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.