Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its stake in Dutch Bros Inc. (NYSE:BROS) by 317.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,028,605 shares of the company’s stock after acquiring an additional 782,164 shares during the quarter. Dutch Bros accounts for 1.4% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 10th largest position. Concurrent Investment Advisors LLC’s holdings in Dutch Bros were worth $53,878,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Dutch Bros during the 4th quarter valued at about $25,000. Fortitude Family Office LLC purchased a new position in shares of Dutch Bros in the fourth quarter valued at approximately $41,000. Hollencrest Capital Management grew its holdings in shares of Dutch Bros by 52.3% in 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 in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Dutch Bros during the 3rd quarter worth approximately $36,000. Finally, Harbor Investment Advisory LLC acquired a new stake in Dutch Bros during the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BROS shares. 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 research report on Monday, January 27th. TD Securities lifted their price objective on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wedbush raised their target price 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. Stifel Nicolaus boosted their price target on shares of Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Stock Down 0.5 %

Shares of NYSE BROS opened at $84.93 on Thursday. The business has a 50-day moving average price of $60.76 and a 200 day moving average price of $45.84. The stock has a market cap of $13.10 billion, a PE ratio of 249.80, a price-to-earnings-growth ratio of 4.71 and a beta of 2.73. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52-week low of $26.38 and a 52-week high of $86.88.

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.