Commonwealth Equity Services LLC Has $8.47 Million Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Commonwealth Equity Services LLC raised its holdings in Dutch Bros Inc. (NYSE:BROS) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 161,711 shares of the company’s stock after acquiring an additional 679 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.10% of Dutch Bros worth $8,470,000 as of its most recent SEC filing.

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

Dutch Bros Price Performance

Shares of NYSE BROS opened at $66.12 on Thursday. The firm’s 50-day simple moving average is $66.69 and its 200 day simple moving average is $51.02. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 194.48, a PEG 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 Upgrades and Downgrades

A number of brokerages recently weighed in on BROS. Bank of America lifted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Piper Sandler upped their target price on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Robert W. Baird raised their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group boosted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $75.75.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of Dutch Bros 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 $50,843,300.92. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 of the company’s stock, valued at approximately $197,451,045.83. This represents a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Corporate 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.