Mitsubishi UFJ Trust & Banking Corp Sells 8,035 Shares of Dutch Bros Inc. (NYSE:BROS)

Mitsubishi UFJ Trust & Banking Corp decreased its position in Dutch Bros Inc. (NYSE:BROS) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 476,146 shares of the company’s stock after selling 8,035 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.31% of Dutch Bros worth $24,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Dutch Bros in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros in the 3rd quarter valued at approximately $36,000. Fortitude Family Office LLC purchased a new position in shares of Dutch Bros in the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB bought a new position in shares of Dutch Bros during the 3rd quarter valued at approximately $50,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Dutch Bros during the 4th quarter valued at approximately $53,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Down 5.7 %

NYSE BROS opened at $64.82 on Friday. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The company has a market capitalization of $10.00 billion, a price-to-earnings ratio of 190.66, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company’s 50-day simple moving average is $67.84 and its two-hundred day simple moving average is $52.39.

Insider Activity

In other news, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the sale, the chairman now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business’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 transaction of $22,674,385.11. Following the transaction, the insider now owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on BROS shares. UBS Group lifted their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley started coverage on shares of Dutch Bros in a report on Monday. They set an “overweight” rating and a $82.00 price target on the stock. Piper Sandler increased their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Stifel Nicolaus upped their target price on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company initiated coverage on Dutch Bros in a report on Wednesday. They issued an “overweight” rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $76.50.

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.