Charles Schwab Investment Management Inc. Has $36.30 Million Stock Position in Dutch Bros Inc. (NYSE:BROS)

Charles Schwab Investment Management Inc. raised its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 692,956 shares of the company’s stock after purchasing an additional 5,429 shares during the period. Charles Schwab Investment Management Inc. owned 0.45% of Dutch Bros worth $36,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Virtu Financial LLC acquired a new position in Dutch Bros in the third quarter valued at approximately $573,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Dutch Bros by 38.0% in the 3rd 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. Clear Creek Financial Management LLC bought a new position in shares of Dutch Bros in the 4th quarter worth $288,000. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Dutch Bros during the fourth quarter worth $304,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Dutch Bros in the third quarter valued at about $1,786,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Up 4.7 %

NYSE:BROS opened at $62.40 on Friday. The company has a market cap of $9.62 billion, a P/E ratio of 183.53, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The business has a 50 day moving average price of $66.29 and a two-hundred day moving average price of $50.33. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BROS shares. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Piper Sandler increased their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Bank of America boosted their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. TD Securities raised their price objective on Dutch Bros from $65.00 to $89.00 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 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $75.75.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 20.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the 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 sale, the insider now directly owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. The trade was a 9.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is owned by insiders.

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.