Natixis Makes New $3.12 Million Investment in Dutch Bros Inc. (NYSE:BROS)

Natixis purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 59,556 shares of the company’s stock, valued at approximately $3,120,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BROS. R Squared Ltd bought a new position in Dutch Bros during the fourth quarter valued at about $25,000. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros during the 4th quarter valued at about $41,000. Bernard Wealth Management Corp. acquired a new position in shares of Dutch Bros during the 4th quarter valued at about $43,000. Wilmington Savings Fund Society FSB bought a new position in shares of Dutch Bros in the 3rd quarter valued at approximately $50,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Dutch Bros in the 4th quarter worth approximately $53,000. Institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction on Wednesday, February 26th. The shares were 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 owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was 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 in the company, valued at $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last three months. 42.40% of the stock is currently owned by company insiders.

Dutch Bros Stock Down 2.1 %

NYSE BROS opened at $57.04 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The stock has a market capitalization of $8.80 billion, a P/E ratio of 167.77, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The stock has a fifty day moving average of $65.98 and a 200-day moving average of $55.78.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the stock an “overweight” rating in a research note on Monday, April 14th. UBS Group increased their target price on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $76.14.

About Dutch Bros

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.