Level Four Advisory Services LLC Acquires 392 Shares of Dutch Bros Inc. (NYSE:BROS)

Level Four Advisory Services LLC lifted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,793 shares of the company’s stock after acquiring an additional 392 shares during the period. Level Four Advisory Services LLC’s holdings in Dutch Bros were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BROS. Pictet Asset Management Holding SA increased its holdings in Dutch Bros by 11.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 16,204 shares of the company’s stock worth $849,000 after purchasing an additional 1,629 shares in the last quarter. Norges Bank bought a new stake in Dutch Bros during the fourth quarter worth $17,266,000. Pier Capital LLC raised its position in Dutch Bros by 32.7% in the 4th quarter. Pier Capital LLC now owns 222,545 shares of the company’s stock valued at $11,657,000 after buying an additional 54,847 shares during the last quarter. EFG Asset Management North America Corp. boosted its holdings in Dutch Bros by 107.4% during the 4th quarter. EFG Asset Management North America Corp. now owns 53,436 shares of the company’s stock worth $2,798,000 after acquiring an additional 27,668 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Dutch Bros by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock worth $533,465,000 after acquiring an additional 153,070 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BROS shares. Guggenheim boosted their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday. Jefferies Financial Group boosted their target price on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Piper Sandler upped their price objective on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Bank of America lifted their target price on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $78.36.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the sale, the chairman now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This represents a 16.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 over the last three months. Company insiders own 46.50% of the company’s stock.

Dutch Bros Stock Down 1.0 %

BROS opened at $61.92 on Tuesday. The company has a 50 day moving average of $67.93 and a 200 day moving average of $53.08. 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 12 month low of $26.85 and a 12 month high of $86.88. The company has a market cap of $9.55 billion, a PE ratio of 182.11, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

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.