Aljian Capital Management LLC Takes Position in Dutch Bros Inc. (NYSE:BROS)

Aljian Capital Management LLC bought a new stake in Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,289 shares of the company’s stock, valued at approximately $277,000.

Several other institutional investors also recently bought and sold shares of the stock. Creative Planning increased its stake in Dutch Bros by 5.6% in the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after purchasing an additional 405 shares during the period. Procyon Advisors LLC grew its holdings in shares of Dutch Bros by 114.6% in the third quarter. Procyon Advisors LLC now owns 12,309 shares of the company’s stock worth $394,000 after purchasing an additional 6,572 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Dutch Bros in the third quarter worth $177,000. Jamison Private Wealth Management Inc. raised its holdings in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the last quarter. Finally, Bfsg LLC raised its holdings in Dutch Bros by 11.6% during the 3rd quarter. Bfsg LLC now owns 30,840 shares of the company’s stock valued at $988,000 after buying an additional 3,210 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

Shares of BROS opened at $64.77 on Thursday. Dutch Bros Inc. has a fifty-two week low of $26.32 and a fifty-two week high of $68.47. The firm’s 50-day simple moving average is $57.76 and its two-hundred day simple moving average is $44.25. The stock has a market cap of $9.99 billion, a PE ratio of 223.35, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BROS shares. Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays upgraded 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. Piper Sandler upped their price target on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Bank of America lifted their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros currently has a consensus rating of “Buy” and an average price target of $62.36.

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.