Blair William & Co. IL Reduces Position in Dutch Bros Inc. (NYSE:BROS)

Blair William & Co. IL trimmed its position in Dutch Bros Inc. (NYSE:BROS) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,561 shares of the company’s stock after selling 15,545 shares during the quarter. Blair William & Co. IL owned approximately 0.08% of Dutch Bros worth $6,263,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Pier Capital LLC raised its stake in Dutch Bros by 32.7% in the fourth 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 in the last quarter. EFG Asset Management North America Corp. raised its position in shares of 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 in the last quarter. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 153,070 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Dutch Bros during the fourth quarter worth approximately $1,189,000. Finally, AXQ Capital LP acquired a new position in Dutch Bros in the fourth quarter valued at approximately $616,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

Dutch Bros stock opened at $62.49 on Monday. The business has a 50 day simple moving average of $67.89 and a 200-day simple moving average of $52.88. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The stock has a market capitalization of $9.64 billion, a PE ratio of 183.80, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This represents a 9.13 % decrease in their ownership of the stock. 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 insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BROS shares. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. Piper Sandler raised their price objective on Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. TD Securities reiterated a “buy” rating and set a $89.00 target price on shares of Dutch Bros in a research report on Friday. Finally, Wedbush upped their target price on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.50.

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.