41,400 Shares in Dutch Bros Inc. (NYSE:BROS) Purchased by ING Groep NV

ING Groep NV purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, Holdings Channel.com reports. The firm purchased 41,400 shares of the company’s stock, valued at approximately $2,169,000.

A number of other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Dutch Bros during the 4th quarter valued at approximately $25,000. Hollencrest Capital Management lifted its position in Dutch Bros by 52.3% during the third 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 last quarter. Point72 Hong Kong Ltd bought a new position in Dutch Bros during the third quarter valued at $36,000. Fortitude Family Office LLC purchased a new position in shares of Dutch Bros in the 4th quarter worth $41,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Dutch Bros in the 3rd quarter worth about $44,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Down 7.2 %

NYSE BROS opened at $76.09 on Friday. The stock has a market cap of $11.73 billion, a PE ratio of 223.79, a PEG ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a 12 month low of $26.38 and a 12 month high of $86.88. The company’s 50-day moving average price is $61.83 and its 200-day moving average price is $46.43. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Wall Street Analyst Weigh In

BROS has been the subject of a number of analyst reports. Wedbush increased their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their target price on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. TD Securities raised their price target on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Piper Sandler boosted their price objective on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.