Dutch Bros Inc. (NYSE:BROS) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its holdings in Dutch Bros Inc. (NYSE:BROS) by 23.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,966 shares of the company’s stock after selling 1,562 shares during the period. Stephens Inc. AR’s holdings in Dutch Bros were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Empowered Funds LLC purchased a new stake in shares of Dutch Bros during the fourth quarter valued at $1,530,000. Yorktown Management & Research Co Inc acquired a new stake in Dutch Bros during the 4th quarter worth about $540,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in Dutch Bros during the 4th quarter worth about $283,000. Clear Creek Financial Management LLC purchased a new stake in Dutch Bros during the fourth quarter valued at about $288,000. Finally, R Squared Ltd acquired a new position in shares of Dutch Bros in the fourth quarter worth about $25,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Stock Down 2.0 %

BROS opened at $81.85 on Monday. The company has a market capitalization of $12.62 billion, a PE ratio of 282.26, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. The business has a 50-day moving average of $58.89 and a 200-day moving average of $44.92. Dutch Bros Inc. has a fifty-two week low of $26.38 and a fifty-two week high of $86.42. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird boosted 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. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. TD Securities lifted their price target on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus increased their price objective on Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $74.83.

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.