Natixis Advisors LLC Has $1.08 Million Holdings in Dutch Bros Inc. (NYSE:BROS)

Natixis Advisors LLC trimmed its position in Dutch Bros Inc. (NYSE:BROS) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,702 shares of the company’s stock after selling 2,245 shares during the period. Natixis Advisors LLC’s holdings in Dutch Bros were worth $1,084,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Amalgamated Bank boosted its stake in shares of Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock valued at $328,000 after purchasing an additional 220 shares in the last quarter. Arizona State Retirement System boosted its position in Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock worth $1,730,000 after buying an additional 260 shares during the period. Prosperity Wealth Management Inc. grew its holdings in Dutch Bros by 4.8% during the 4th quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company’s stock worth $502,000 after acquiring an additional 435 shares during the last quarter. Independent Advisor Alliance increased its position in Dutch Bros by 2.6% in the 4th quarter. Independent Advisor Alliance now owns 18,535 shares of the company’s stock valued at $971,000 after acquiring an additional 462 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of Dutch Bros by 33.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,852 shares of the company’s stock valued at $99,000 after acquiring an additional 467 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Down 0.9 %

Shares of NYSE BROS opened at $69.81 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company has a 50-day moving average price of $67.55 and a 200-day moving average price of $52.19. The stock has a market capitalization of $10.76 billion, a P/E ratio of 205.33, a P/E/G ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88.

Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 471,718 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the transaction, the chairman now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This trade represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the sale, the insider now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,643,632 shares of company stock worth $201,509,627. Insiders own 46.50% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the subject of several recent research reports. UBS Group increased their price target on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Bank of America raised their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Wedbush upped their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Morgan Stanley initiated coverage on shares of Dutch Bros in a research note on Monday. They set an “overweight” rating and a $82.00 target price for the company. Finally, TD Securities increased their price target on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $76.23.

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.