Dutch Bros Inc. (NYSE:BROS) Shares Sold by Olympiad Research LP

Olympiad Research LP decreased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 53.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,192 shares of the company’s stock after selling 6,987 shares during the quarter. Olympiad Research LP’s holdings in Dutch Bros were worth $324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Dutch Bros during the fourth quarter worth about $25,000. Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros during the fourth quarter worth about $41,000. Hollencrest Capital Management lifted its holdings in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros during the third quarter worth about $36,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros during the fourth quarter worth about $60,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BROS. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Robert W. Baird boosted their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Jefferies Financial Group boosted their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. TD Securities boosted their price target on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $74.83.

Dutch Bros Stock Down 7.2 %

Dutch Bros stock opened at $76.09 on Friday. The stock has a market capitalization of $11.73 billion, a PE ratio of 223.79, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a 12 month low of $26.38 and a 12 month high of $86.88. The business has a 50 day simple moving average of $61.83 and a 200-day simple moving average of $46.43. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

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.