Rhumbline Advisers Acquires 8,488 Shares of Dutch Bros Inc. (NYSE:BROS)

Rhumbline Advisers lifted its holdings in Dutch Bros Inc. (NYSE:BROS) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,615 shares of the company’s stock after buying an additional 8,488 shares during the period. Rhumbline Advisers owned about 0.07% of Dutch Bros worth $5,846,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Baillie Gifford & Co. purchased a new position in Dutch Bros in the third quarter worth about $224,461,000. Wasatch Advisors LP lifted its stake in shares of Dutch Bros by 232.1% in the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the period. Eagle Asset Management Inc. increased its position in shares of Dutch Bros by 58.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after purchasing an additional 741,771 shares during the last quarter. Finally, Joho Capital LLC increased its position in shares of Dutch Bros by 40.7% during the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock valued at $61,482,000 after purchasing an additional 555,000 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BROS has been the subject of several recent analyst reports. Jefferies Financial Group lifted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. UBS Group upped their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus raised their price objective on shares of Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Wedbush boosted their target price on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $74.83.

Dutch Bros Stock Up 3.1 %

Shares of NYSE:BROS opened at $75.43 on Thursday. The business’s 50 day moving average is $63.14 and its 200 day moving average is $47.31. The stock has a market cap of $11.63 billion, a P/E ratio of 221.87, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week 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.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 9.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the sale, the chairman now owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,989,791 shares of company stock worth $151,876,557. 46.50% of the stock is currently owned by company insiders.

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.