Bfsg LLC Trims Stake in Dutch Bros Inc. (NYSE:BROS)

Bfsg LLC lowered its position in Dutch Bros Inc. (NYSE:BROS) by 97.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 668 shares of the company’s stock after selling 30,172 shares during the period. Bfsg LLC’s holdings in Dutch Bros were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BROS. Principal Financial Group Inc. raised its holdings in Dutch Bros by 40.4% in the fourth quarter. Principal Financial Group Inc. now owns 134,563 shares of the company’s stock worth $7,048,000 after purchasing an additional 38,722 shares in the last quarter. Allworth Financial LP increased its stake in shares of Dutch Bros by 224.0% in the 4th quarter. Allworth Financial LP now owns 2,563 shares of the company’s stock worth $134,000 after acquiring an additional 1,772 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Dutch Bros by 8.2% in the 4th quarter. Rhumbline Advisers now owns 111,615 shares of the company’s stock worth $5,846,000 after acquiring an additional 8,488 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Dutch Bros during the fourth quarter worth about $241,000. Finally, Asset Management One Co. Ltd. boosted its stake in Dutch Bros by 33.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,852 shares of the company’s stock worth $99,000 after acquiring an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BROS. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Robert W. Baird boosted their target price on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wedbush raised their price target on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Bank of America upped their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, TD Cowen raised their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and an average target price of $74.83.

Dutch Bros Stock Performance

BROS stock opened at $84.93 on Thursday. The company has a market cap of $13.10 billion, a P/E ratio of 249.80, a price-to-earnings-growth ratio of 4.71 and a beta of 2.73. 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 1 year low of $26.38 and a 1 year high of $86.88. The stock’s fifty day moving average price is $60.76 and its 200-day moving average price is $45.84.

About Dutch Bros

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.