Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 373,465 shares of the company’s stock after acquiring an additional 10,775 shares during the quarter. Sei Investments Co.’s holdings in Dutch Bros were worth $19,562,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd acquired a new position in Dutch Bros in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd acquired a new position in Dutch Bros in the third quarter valued at approximately $36,000. Fortitude Family Office LLC purchased a new position in Dutch Bros in the fourth quarter worth approximately $41,000. Wilmington Savings Fund Society FSB acquired a new stake in Dutch Bros during the third quarter worth $50,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Dutch Bros in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

BROS stock opened at $64.82 on Friday. The business’s 50-day moving average is $67.84 and its two-hundred day moving average is $52.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The firm has a market capitalization of $10.00 billion, a P/E ratio of 190.66, a P/E/G ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BROS shares. Bank of America increased their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a research report on Wednesday. They set an “overweight” rating and a $80.00 price target for the company. Stifel Nicolaus upped 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 reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Piper Sandler boosted their target price on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $76.50.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of Dutch Bros 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 completion of the sale, the chairman now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Company insiders own 46.50% of the company’s stock.

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.