Dutch Bros Inc. (NYSE:BROS) Stock Position Increased by Amundi

Amundi boosted its position in Dutch Bros Inc. (NYSE:BROS) by 21,821.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 226,005 shares of the company’s stock after purchasing an additional 224,974 shares during the quarter. Amundi’s holdings in Dutch Bros were worth $12,701,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in Dutch Bros in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros during the 3rd quarter worth about $36,000. Fortitude Family Office LLC bought a new stake in shares of Dutch Bros during the 4th quarter worth about $41,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Dutch Bros during the 3rd quarter worth about $50,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Dutch Bros during the 4th quarter worth about $53,000. 85.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. TD Securities boosted their price target on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Bank of America lifted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $75.75.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the sale, the chairman now owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock valued at $201,509,627 over the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Stock Performance

Dutch Bros stock opened at $62.40 on Friday. The firm’s 50 day simple moving average is $66.17 and its 200-day simple moving average is $49.99. The company has a market cap of $9.62 billion, a P/E ratio of 183.53, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88.

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.