Arcadia Investment Management Corp MI Makes New $60,000 Investment in Dutch Bros Inc. (NYSE:BROS)

Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,141 shares of the company’s stock, valued at approximately $60,000.

A number of other institutional investors have also made changes to their positions in BROS. ING Groep NV bought a new stake in Dutch Bros during the fourth quarter worth approximately $2,169,000. Concurrent Investment Advisors LLC lifted its stake in shares of Dutch Bros by 317.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock worth $53,878,000 after buying an additional 782,164 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Dutch Bros by 30.9% in the fourth quarter. Handelsbanken Fonder AB now owns 30,500 shares of the company’s stock worth $1,598,000 after buying an additional 7,200 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Dutch Bros during the 4th quarter worth $347,000. Finally, Global Retirement Partners LLC grew its stake in Dutch Bros by 50.5% in the 4th quarter. Global Retirement Partners LLC now owns 2,012 shares of the company’s stock valued at $105,000 after buying an additional 675 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wedbush upped their price target 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. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. UBS Group raised their target price on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Robert W. Baird upped their price target on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $74.83.

Dutch Bros Stock Performance

BROS opened at $76.09 on Friday. The stock’s 50 day simple moving average is $61.83 and its 200-day simple moving average is $46.37. 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 stock has a market cap of $11.73 billion, a PE ratio of 223.79, a P/E/G ratio of 4.70 and a beta of 2.73. Dutch Bros Inc. has a 1 year low of $26.38 and a 1 year 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.