Schonfeld Strategic Advisors LLC Has $5.61 Million Stock Position in Dutch Bros Inc. (NYSE:BROS)

Schonfeld Strategic Advisors LLC increased its holdings in Dutch Bros Inc. (NYSE:BROS) by 558.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 107,139 shares of the company’s stock after purchasing an additional 90,867 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Dutch Bros were worth $5,612,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BROS. Virtu Financial LLC acquired a new stake in Dutch Bros during the third quarter worth approximately $573,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Dutch Bros in the 3rd quarter valued at $50,000. Watts Gwilliam & Co. LLC acquired a new position in shares of Dutch Bros during the 4th quarter valued at $304,000. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the 4th quarter valued at $41,000. Finally, Harbor Capital Advisors Inc. grew its holdings in Dutch Bros by 6.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 28,637 shares of the company’s stock worth $1,500,000 after purchasing an additional 1,661 shares during the period. 85.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BROS has been the topic of several recent research reports. Jefferies Financial Group increased their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Stifel Nicolaus upped their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. Barclays lowered their target price on shares of Dutch Bros from $94.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, Guggenheim boosted their price objective on Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, March 31st. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $76.57.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 20.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction 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. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 in the last quarter. Company insiders own 42.40% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS stock opened at $61.13 on Friday. The firm has a market capitalization of $9.43 billion, a PE ratio of 179.80, a P/E/G ratio of 4.23 and a beta of 2.71. The company has a 50 day moving average price of $62.46 and a 200-day moving average price of $57.23. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. 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 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.