Oppenheimer Asset Management Inc. Has $1.91 Million Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Oppenheimer Asset Management Inc. trimmed its position in Dutch Bros Inc. (NYSE:BROS) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,468 shares of the company’s stock after selling 1,215 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Dutch Bros were worth $1,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BROS. R Squared Ltd bought a new position in shares of Dutch Bros in the 4th quarter valued at about $25,000. Fortitude Family Office LLC bought a new position in Dutch Bros in the fourth quarter valued at approximately $41,000. Hollencrest Capital Management grew its holdings in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Dutch Bros during the 3rd quarter worth $36,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros during the 4th quarter valued at $60,000. 85.54% of the stock is owned by institutional investors.

Dutch Bros Stock Performance

Shares of BROS opened at $79.19 on Monday. The firm has a market cap of $12.21 billion, a P/E ratio of 232.93, a PEG ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The firm’s 50 day moving average price is $64.12 and its two-hundred day moving average price is $47.99.

Analyst Upgrades and Downgrades

BROS has been the topic of several recent research reports. JPMorgan Chase & Co. raised 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. Stifel Nicolaus raised their target price on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group upped their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, UBS Group boosted their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $75.75.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 471,718 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $35,808,113.38. Following the sale, the chairman now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 16.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the transaction, the insider now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last ninety days. Company insiders own 46.50% of the company’s stock.

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.