Wasatch Advisors LP Has $169.71 Million Stock Position in Dutch Bros Inc. (NYSE:BROS)

Wasatch Advisors LP reduced its position in Dutch Bros Inc. (NYSE:BROS) by 21.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,240,045 shares of the company’s stock after selling 888,236 shares during the quarter. Wasatch Advisors LP’s holdings in Dutch Bros were worth $169,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in Dutch Bros in the fourth quarter worth approximately $25,000. Fortitude Family Office LLC bought a new position in shares of Dutch Bros during the 4th quarter valued at $41,000. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the fourth quarter worth about $43,000. Wilmington Savings Fund Society FSB acquired a new position in Dutch Bros during the third quarter valued at approximately $50,000. Finally, SBI Securities Co. Ltd. bought a new stake in Dutch Bros during the fourth quarter valued at about $53,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the sale, the insider now owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This represents a 9.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the sale, the chairman now owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. The trade was a 20.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,643,632 shares of company stock worth $201,509,627. Insiders own 46.50% of the company’s stock.

Dutch Bros Trading Down 0.9 %

Shares of BROS stock opened at $57.88 on Wednesday. The company has a market capitalization of $8.93 billion, a P/E ratio of 170.25, a P/E/G ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $66.60 and a 200 day moving average price of $54.90.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Stifel Nicolaus raised their price objective on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Robert W. Baird lowered their price objective on Dutch Bros from $80.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company assumed coverage on Dutch Bros in a research report on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 target price for the company. Finally, Guggenheim boosted their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 31st. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros presently has a consensus rating of “Buy” and a consensus target price of $76.14.

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.