Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 224.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,563 shares of the company’s stock after purchasing an additional 1,772 shares during the quarter. Allworth Financial LP’s holdings in Dutch Bros were worth $134,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd acquired a new position in Dutch Bros during the fourth quarter worth about $25,000. Hollencrest Capital Management boosted its stake in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros in the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros in the 4th quarter worth approximately $41,000. Finally, Asset Management One Co. Ltd. purchased a new position in Dutch Bros in the 3rd quarter valued at approximately $44,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Down 7.2 %

Shares of BROS stock opened at $76.09 on Monday. Dutch Bros Inc. has a 12-month low of $26.38 and a 12-month high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average of $61.83 and a 200-day moving average of $46.49. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 223.79, a P/E/G ratio of 4.23 and a beta of 2.73.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BROS. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. TD Cowen raised their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. 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. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Finally, Robert W. Baird lifted their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros currently has an average rating of “Buy” and a consensus target price of $74.83.

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.