Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 699.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 429,693 shares of the company’s stock after purchasing an additional 375,943 shares during the quarter. Barclays PLC owned 0.28% of Dutch Bros worth $22,507,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in shares of Dutch Bros in the 3rd quarter worth about $573,000. Raymond James Financial Inc. bought a new position in Dutch Bros in the fourth quarter worth about $94,478,000. Clear Creek Financial Management LLC acquired a new position in Dutch Bros in the fourth quarter valued at approximately $288,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of Dutch Bros during the fourth quarter valued at approximately $304,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Dutch Bros by 2.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company’s stock worth $49,785,000 after purchasing an additional 17,402 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BROS. Wedbush restated an “outperform” rating and set a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. Morgan Stanley set a $80.00 price target on shares of Dutch Bros and gave the stock an “overweight” rating in a research report on Monday, April 14th. Jefferies Financial Group lifted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Bank of America upped their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Robert W. Baird dropped their price target on shares of Dutch Bros from $80.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $76.14.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the transaction, the insider now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 20.65 % 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 valued at $201,509,627 over the last three months. Company insiders own 42.40% of the company’s stock.

Dutch Bros Stock Up 0.9 %

Shares of BROS stock opened at $58.26 on Friday. 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 stock has a market cap of $8.98 billion, a PE ratio of 171.36, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The business’s fifty day moving average is $66.14 and its 200-day moving average is $55.44. 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.