Raymond James Financial Inc. Makes New $94.48 Million Investment in Dutch Bros Inc. (NYSE:BROS)

Raymond James Financial Inc. bought a new position in Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,803,689 shares of the company’s stock, valued at approximately $94,478,000. Raymond James Financial Inc. owned approximately 1.17% of Dutch Bros at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new position in Dutch Bros in the 4th quarter worth approximately $25,000. Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros during the 4th quarter worth approximately $41,000. Hollencrest Capital Management increased its holdings in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Dutch Bros during the 4th quarter worth approximately $53,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros during the 3rd quarter worth approximately $36,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BROS has been the subject of a number of recent analyst reports. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. TD Securities raised their price target on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Robert W. Baird raised their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wedbush raised 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. Finally, Bank of America raised 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. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $75.75.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 9.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the sale, the chairman now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This trade represents a 16.95 % 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 90 days. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Stock Performance

NYSE:BROS opened at $63.77 on Monday. The company has a fifty day simple moving average of $65.64 and a two-hundred day simple moving average of $49.44. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 187.58, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88.

Dutch Bros Company 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.