Dutch Bros Inc. (NYSE:BROS) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lessened its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 23.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,219 shares of the company’s stock after selling 2,482 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Dutch Bros were worth $431,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Dutch Bros in the third quarter worth $573,000. Baillie Gifford & Co. purchased a new stake in Dutch Bros during the 3rd quarter worth $224,461,000. Charles Schwab Investment Management Inc. increased its holdings in Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after purchasing an additional 181,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Dutch Bros by 38.0% in the third 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 period. Finally, Clear Creek Financial Management LLC acquired a new position in shares of Dutch Bros during the fourth quarter worth about $288,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Bank of America lifted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. UBS Group upped their target price on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros currently has an average rating of “Buy” and a consensus price target of $60.09.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $63.96 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. Dutch Bros Inc. has a 1 year low of $26.32 and a 1 year high of $68.47. The firm’s 50-day simple moving average is $57.54 and its 200-day simple moving average is $44.11. The firm has a market cap of $9.86 billion, a PE ratio of 220.57, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73.

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.