Fox Run Management L.L.C. Has $1.10 Million Stake in Dutch Bros Inc. (NYSE:BROS)

Fox Run Management L.L.C. lowered its position in shares of Dutch Bros Inc. (NYSE:BROS) by 46.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,975 shares of the company’s stock after selling 18,104 shares during the period. Fox Run Management L.L.C.’s holdings in Dutch Bros were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BROS. Victory Capital Management Inc. increased its position in Dutch Bros by 18.1% during the 3rd quarter. Victory Capital Management Inc. now owns 23,523 shares of the company’s stock worth $753,000 after buying an additional 3,605 shares during the period. KBC Group NV increased its position in Dutch Bros by 53.3% during the third quarter. KBC Group NV now owns 3,025 shares of the company’s stock worth $97,000 after acquiring an additional 1,052 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Dutch Bros in the 3rd quarter worth about $1,122,000. Charles Schwab Investment Management Inc. boosted its holdings in Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after purchasing an additional 181,636 shares during the period. Finally, Algert Global LLC increased its holdings in shares of Dutch Bros by 21.2% during the third quarter. Algert Global LLC now owns 31,602 shares of the company’s stock worth $1,012,000 after purchasing an additional 5,520 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BROS has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. TD Securities upped their price objective on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. UBS Group upped their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group lifted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $75.75.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. The trade was a 7.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction 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 directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock valued at $201,509,627 in the last 90 days. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Stock Up 0.1 %

Shares of BROS opened at $65.55 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The stock has a market capitalization of $10.11 billion, a price-to-earnings ratio of 192.81, a PEG ratio of 4.23 and a beta of 2.65. The stock has a fifty day moving average of $67.04 and a 200-day moving average of $51.51.

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.