Diametric Capital LP Trims Holdings in Dutch Bros Inc. (NYSE:BROS)

Diametric Capital LP lowered its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 30.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,479 shares of the company’s stock after selling 15,878 shares during the period. Dutch Bros accounts for 1.3% of Diametric Capital LP’s investment portfolio, making the stock its 11th largest holding. Diametric Capital LP’s holdings in Dutch Bros were worth $1,911,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Amalgamated Bank raised its stake in shares of Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after purchasing an additional 220 shares during the last quarter. Arizona State Retirement System increased its stake in Dutch Bros by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after buying an additional 260 shares during the period. Level Four Advisory Services LLC raised its position in Dutch Bros by 6.1% during the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock worth $356,000 after buying an additional 392 shares during the last quarter. Prosperity Wealth Management Inc. lifted its stake in shares of Dutch Bros by 4.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company’s stock worth $502,000 after acquiring an additional 435 shares during the period. Finally, Independent Advisor Alliance boosted its holdings in shares of Dutch Bros by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 18,535 shares of the company’s stock valued at $971,000 after acquiring an additional 462 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 9.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the sale, the chairman now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BROS. Morgan Stanley assumed coverage on shares of Dutch Bros in a research report on Monday, March 24th. They issued an “overweight” rating and a $82.00 price objective for the company. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Bank of America upped their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. TD Securities reissued a “buy” rating and issued a $89.00 target price on shares of Dutch Bros in a report on Friday. Finally, Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $78.36.

Dutch Bros Trading Down 1.0 %

Shares of BROS opened at $61.92 on Tuesday. 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 $26.85 and a 1-year high of $86.88. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 182.11, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The firm has a 50 day simple moving average of $67.93 and a 200-day simple moving average of $53.08.

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.