Trexquant Investment LP Sells 63,712 Shares of Dutch Bros Inc. (NYSE:BROS)

Trexquant Investment LP cut its position in shares of Dutch Bros Inc. (NYSE:BROS) by 14.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 365,384 shares of the company’s stock after selling 63,712 shares during the period. Trexquant Investment LP’s holdings in Dutch Bros were worth $19,139,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BROS. Charles Schwab Investment Management Inc. raised its position in shares of Dutch Bros by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after buying an additional 181,636 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Dutch Bros by 46.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,957 shares of the company’s stock valued at $895,000 after purchasing an additional 8,873 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Dutch Bros by 16.9% in the 3rd quarter. MetLife Investment Management LLC now owns 3,878 shares of the company’s stock valued at $124,000 after purchasing an additional 562 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Dutch Bros by 54.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,493 shares of the company’s stock worth $624,000 after purchasing an additional 6,866 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Dutch Bros by 38.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after purchasing an additional 58,623 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling

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 completion of the transaction, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 7.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 755,551 shares of the firm’s 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 approximately $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 sold 2,643,632 shares of company stock worth $201,509,627 in the last three months. 46.50% of the stock is owned by insiders.

Analysts Set New Price Targets

BROS has been the subject of a number of analyst reports. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. TD Securities reaffirmed a “buy” rating and set a $89.00 price target on shares of Dutch Bros in a research note on Friday. Robert W. Baird upped their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company started coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 price objective for the company. Finally, Jefferies Financial Group upped their target price on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and a consensus target price of $78.36.

Dutch Bros Stock Down 1.0 %

Dutch Bros stock opened at $61.92 on Tuesday. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The business has a fifty day moving average of $67.93 and a two-hundred day moving average of $53.08. The firm has a market cap of $9.55 billion, a P/E ratio of 182.11, a P/E/G 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.

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.