Dutch Bros Inc. (NYSE:BROS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 28.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,116,315 shares of the company’s stock after selling 444,996 shares during the quarter. American Century Companies Inc. owned 0.72% of Dutch Bros worth $58,473,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Virtu Financial LLC bought a new position in Dutch Bros during the 3rd quarter valued at $573,000. Charles Schwab Investment Management Inc. raised its stake in shares of Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after purchasing an additional 181,636 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Dutch Bros during the fourth quarter worth about $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Dutch Bros by 38.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after purchasing an additional 58,623 shares in the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in Dutch Bros in the fourth quarter valued at about $288,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Down 0.9 %

BROS opened at $69.81 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. 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 price is $67.55 and its 200 day moving average price is $52.19. The stock has a market cap of $10.76 billion, a P/E ratio of 205.33, a P/E/G ratio of 4.23 and a beta of 2.65.

Wall Street Analyst Weigh In

A number of research firms have commented on BROS. Piper Sandler increased their target price on Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Stifel Nicolaus lifted 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. William Blair reissued an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Morgan Stanley started coverage on shares of Dutch Bros in a report on Monday. They issued an “overweight” rating and a $82.00 price target for the company. Finally, Robert W. Baird increased their price objective 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. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $76.23.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s 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 completion of the sale, the insider now directly owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This represents a 9.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the transaction, the chairman now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. The trade was a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is currently owned by corporate insiders.

Dutch Bros Company 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.