William Blair Investment Management LLC Has $20.56 Million Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

William Blair Investment Management LLC lifted its position in shares of Dutch Bros Inc. (NYSE:BROS) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 392,513 shares of the company’s stock after purchasing an additional 53,838 shares during the period. William Blair Investment Management LLC’s holdings in Dutch Bros were worth $20,560,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Dutch Bros during the 3rd quarter worth about $573,000. Charles Schwab Investment Management Inc. increased its stake in shares of Dutch Bros by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after purchasing an additional 181,636 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Dutch Bros in the 4th quarter valued at about $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Dutch Bros by 38.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after buying an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC acquired a new position in Dutch Bros in the 4th quarter valued at about $288,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of research reports. Robert W. Baird upped their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Stifel Nicolaus upped their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Piper Sandler upped their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $75.75.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $63.11 on Wednesday. The company has a 50 day moving average of $66.49 and a 200-day moving average of $50.91. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The company has a market cap of $9.73 billion, a PE ratio of 185.62, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

Insider Transactions at Dutch Bros

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