Dutch Bros Inc. (NYSE:BROS) Position Increased by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lifted its position in Dutch Bros Inc. (NYSE:BROS) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,052,203 shares of the company’s stock after buying an additional 87,104 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Dutch Bros were worth $55,114,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BROS. Price T Rowe Associates Inc. MD raised its stake in Dutch Bros by 254.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,444 shares of the company’s stock valued at $9,557,000 after purchasing an additional 130,931 shares during the period. Natixis purchased a new position in shares of Dutch Bros during the fourth quarter valued at $3,120,000. NWK Group Inc. purchased a new stake in Dutch Bros in the 4th quarter worth about $3,664,000. Dimensional Fund Advisors LP boosted its position in Dutch Bros by 19.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 731,667 shares of the company’s stock worth $38,325,000 after acquiring an additional 117,878 shares during the period. Finally, Alpha DNA Investment Management LLC purchased a new position in Dutch Bros during the 4th quarter valued at about $451,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Up 4.2 %

Shares of BROS opened at $61.13 on Thursday. 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 50-day simple moving average of $65.06 and a 200-day simple moving average of $55.84. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The firm has a market capitalization of $9.43 billion, a P/E ratio of 179.80, a P/E/G ratio of 4.23 and a beta of 2.71.

Analyst Ratings Changes

Several brokerages recently issued reports on BROS. Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. Robert W. Baird lowered their price target on Dutch Bros from $80.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. TD Securities reiterated a “buy” rating and issued a $89.00 target price on shares of Dutch Bros in a research note on Friday, March 28th. Stifel Nicolaus increased their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Piper Sandler upped their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros has an average rating of “Buy” and an average target price of $76.57.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction dated 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 owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This represents a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the sale, the chairman now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 16.95 % decrease in their ownership of the stock. 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 quarter. Corporate insiders own 42.40% 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.