Accredited Investors Inc. Acquires Shares of 3,947 Dutch Bros Inc. (NYSE:BROS)

Accredited Investors Inc. bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,947 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Dutch Bros by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock worth $533,465,000 after buying an additional 153,070 shares during the last quarter. FMR LLC increased its stake in shares of Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock worth $341,333,000 after acquiring an additional 3,227,435 shares during the period. FIL Ltd purchased a new position in Dutch Bros during the fourth quarter worth about $176,298,000. Raymond James Financial Inc. acquired a new stake in Dutch Bros in the fourth quarter valued at about $94,478,000. Finally, Geode Capital Management LLC lifted its position in Dutch Bros by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company’s stock valued at $94,079,000 after purchasing an additional 22,214 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the transaction, the insider now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BROS. Wells Fargo & Company initiated coverage on Dutch Bros in a research note on Wednesday, March 26th. They set an “overweight” rating and a $80.00 target price for the company. Bank of America increased their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Morgan Stanley initiated coverage on shares of Dutch Bros in a research report on Monday, March 24th. They set an “overweight” rating and a $82.00 target price on the stock. Guggenheim increased their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 31st. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One 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 presently has a consensus rating of “Buy” and an average price target of $76.29.

Dutch Bros Stock Performance

NYSE BROS opened at $57.12 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The business has a fifty day moving average of $67.08 and a 200-day moving average of $54.38. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 168.02, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71.

Dutch Bros Company 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.