Taika Capital LP Acquires New Position in Dutch Bros Inc. (NYSE:BROS)

Taika Capital LP acquired a new stake in Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,243 shares of the company’s stock, valued at approximately $746,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BROS. R Squared Ltd bought a new stake in Dutch Bros in the 4th quarter valued at about $25,000. Hollencrest Capital Management raised its stake in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros during the 3rd quarter valued at $36,000. Fortitude Family Office LLC bought a new stake in shares of Dutch Bros during the 4th quarter valued at $41,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Dutch Bros during the 3rd quarter valued at $44,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Stock Down 1.6 %

Shares of NYSE BROS opened at $63.77 on Monday. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. 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 firm’s 50 day simple moving average is $65.64 and its two-hundred day simple moving average is $49.44. The stock has a market capitalization of $9.83 billion, a P/E ratio of 187.58, a PEG ratio of 4.23 and a beta of 2.65.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm’s 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 $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 over the last ninety days. Insiders own 46.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BROS shares. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Bank of America upped their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Wedbush upped their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $75.75.

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.