US Bancorp DE Trims Stake in Dutch Bros Inc. (NYSE:BROS)

US Bancorp DE reduced its holdings in Dutch Bros Inc. (NYSE:BROS) by 28.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,043 shares of the company’s stock after selling 3,181 shares during the period. US Bancorp DE’s holdings in Dutch Bros were worth $421,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Dutch Bros in the fourth quarter worth approximately $25,000. Point72 Hong Kong Ltd purchased a new stake in Dutch Bros in the third quarter valued at $36,000. Fortitude Family Office LLC purchased a new stake in Dutch Bros in the fourth quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dutch Bros in the 3rd quarter valued at $50,000. Finally, Quarry LP raised its holdings in shares of Dutch Bros by 68.0% in the 3rd quarter. Quarry LP now owns 1,740 shares of the company’s stock valued at $56,000 after buying an additional 704 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $62.25 on Thursday. The business’s fifty day moving average price is $65.90 and its two-hundred day moving average price is $49.83. The stock has a market cap of $9.60 billion, a PE ratio of 183.08, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at $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. In the last 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on BROS. TD Securities boosted their target price on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird upped their target price on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Jefferies Financial Group upped their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, UBS Group increased their target price on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. 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, Dutch Bros presently has a consensus rating of “Buy” and a consensus price target of $75.75.

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.