Aigen Investment Management LP Sells 27,780 Shares of Dutch Bros Inc. (NYSE:BROS)

Aigen Investment Management LP lowered its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 53.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,273 shares of the company’s stock after selling 27,780 shares during the period. Aigen Investment Management LP’s holdings in Dutch Bros were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of BROS. R Squared Ltd bought a new stake in Dutch Bros in the fourth quarter worth $25,000. Hollencrest Capital Management increased its position in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Dutch Bros in the third quarter worth $36,000. Fortitude Family Office LLC bought a new stake in Dutch Bros in the fourth quarter worth $41,000. Finally, Asset Management One Co. Ltd. bought a new stake in Dutch Bros in the third quarter worth $44,000. Institutional investors own 85.54% of the company’s stock.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $19,629,891.49. Following the completion of the sale, the insider now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This represents a 9.04 % decrease in their ownership of the stock. 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 company’s stock in a transaction dated Friday, February 21st. The stock was 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 directly 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. Over the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BROS has been the topic of several research reports. TD Cowen boosted their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. UBS Group boosted their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Bank of America boosted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Wedbush boosted their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and a consensus price target of $75.75.

Dutch Bros Stock Down 2.5 %

Shares of BROS opened at $70.53 on Thursday. The firm has a market capitalization of $10.88 billion, a P/E ratio of 207.46, a P/E/G ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $64.94 and a 200-day moving average price of $48.70.

Dutch Bros 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.