Dutch Bros Inc. (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 262,537 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This trade represents a 9.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Friday, February 21st, Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11.

Dutch Bros Price Performance

Dutch Bros stock opened at $73.05 on Wednesday. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 214.85, a PEG ratio of 4.23 and a beta of 2.73. 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 stock’s 50 day moving average is $62.66 and its 200-day moving average is $47.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BROS. Gould Capital LLC lifted its holdings in shares of Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock worth $43,000 after buying an additional 140 shares in the last quarter. Amalgamated Bank increased its position in Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after acquiring an additional 220 shares during the period. Arizona State Retirement System raised its stake in Dutch Bros by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after purchasing an additional 260 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Dutch Bros by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock worth $2,517,000 after purchasing an additional 310 shares in the last quarter. Finally, Hollencrest Capital Management boosted its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. UBS Group boosted 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. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, Piper Sandler boosted their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $74.83.

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.