Artisan Partners Limited Partnership Trims Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Artisan Partners Limited Partnership lowered its stake in Dutch Bros Inc. (NYSE:BROS) by 42.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 358,799 shares of the company’s stock after selling 268,286 shares during the quarter. Artisan Partners Limited Partnership owned about 0.23% of Dutch Bros worth $18,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BROS. Virtu Financial LLC purchased a new stake in Dutch Bros in the 3rd quarter worth approximately $573,000. Charles Schwab Investment Management Inc. increased its stake in shares of Dutch Bros by 35.9% in the third 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Dutch Bros during the 4th quarter valued at $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Dutch Bros by 38.0% during 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 in the last quarter. Finally, Clear Creek Financial Management LLC bought a new position in Dutch Bros in the 4th quarter worth $288,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BROS shares. UBS Group boosted their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Robert W. Baird lifted their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their target price 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. Finally, Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $76.50.

Dutch Bros Price Performance

Dutch Bros stock opened at $62.49 on Friday. 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 stock has a market cap of $9.64 billion, a price-to-earnings ratio of 183.80, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The firm has a 50-day moving average of $67.89 and a two-hundred day moving average of $52.60. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88.

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.