Legacy Capital Group California Inc. Decreases Stake in Dutch Bros Inc. (NYSE:BROS)

Legacy Capital Group California Inc. decreased its holdings in Dutch Bros Inc. (NYSE:BROS) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 23,744 shares of the company’s stock after selling 375 shares during the period. Legacy Capital Group California Inc.’s holdings in Dutch Bros were worth $1,244,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. ING Groep NV purchased a new position in Dutch Bros in the fourth quarter valued at about $2,169,000. Concurrent Investment Advisors LLC grew its stake in shares of Dutch Bros by 317.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock valued at $53,878,000 after buying an additional 782,164 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Dutch Bros by 30.9% during the 4th quarter. Handelsbanken Fonder AB now owns 30,500 shares of the company’s stock valued at $1,598,000 after buying an additional 7,200 shares during the period. Ieq Capital LLC acquired a new position in Dutch Bros during the 4th quarter worth approximately $347,000. Finally, Global Retirement Partners LLC boosted its holdings in Dutch Bros by 50.5% in the 4th quarter. Global Retirement Partners LLC now owns 2,012 shares of the company’s stock worth $105,000 after acquiring an additional 675 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 3.7 %

NYSE:BROS opened at $81.86 on Friday. 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 stock has a 50-day simple moving average of $61.35 and a 200 day simple moving average of $46.09. Dutch Bros Inc. has a one year low of $26.38 and a one year high of $86.88. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 240.78, a price-to-earnings-growth ratio of 4.91 and a beta of 2.73.

Analyst Ratings Changes

A number of analysts have recently issued reports on BROS shares. Piper Sandler lifted their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Robert W. Baird lifted their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. TD Securities upped their price objective on shares of Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, UBS Group boosted their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros presently has an average rating of “Buy” and an average price target of $74.83.

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.