Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,500 shares of the company’s stock after acquiring an additional 7,200 shares during the period. Handelsbanken Fonder AB’s holdings in Dutch Bros were worth $1,598,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BROS. Ieq Capital LLC purchased a new position in shares of Dutch Bros in the 4th quarter worth about $347,000. Global Retirement Partners LLC grew its stake in Dutch Bros by 50.5% during the 4th quarter. Global Retirement Partners LLC now owns 2,012 shares of the company’s stock valued at $105,000 after purchasing an additional 675 shares in the last quarter. New York State Common Retirement Fund grew its stake in Dutch Bros by 2.0% during the 4th quarter. New York State Common Retirement Fund now owns 248,423 shares of the company’s stock valued at $13,012,000 after purchasing an additional 4,956 shares in the last quarter. Principal Financial Group Inc. grew its stake in Dutch Bros by 40.4% during the 4th quarter. Principal Financial Group Inc. now owns 134,563 shares of the company’s stock valued at $7,048,000 after purchasing an additional 38,722 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Dutch Bros by 224.0% in the 4th quarter. Allworth Financial LP now owns 2,563 shares of the company’s stock worth $134,000 after acquiring an additional 1,772 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the sale, the insider now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 9.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,989,791 shares of company stock worth $151,876,557. Company insiders own 46.50% of the company’s stock.

Dutch Bros Trading Down 3.0 %

Shares of NYSE BROS opened at $73.05 on Wednesday. The company’s 50 day simple moving average is $62.66 and its 200 day simple moving average is $47.11. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The firm has a market capitalization of $11.26 billion, a P/E ratio of 214.85, a P/E/G ratio of 4.23 and a beta of 2.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

Analysts Set New Price Targets

Several research analysts have recently commented on BROS shares. TD Cowen lifted their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler lifted their target price on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Robert W. Baird boosted their price objective on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Bank of America lifted their target price on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One research 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $74.83.

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.