HighTower Advisors LLC Has $787,000 Holdings in Dutch Bros Inc. (NYSE:BROS)

HighTower Advisors LLC decreased its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,029 shares of the company’s stock after selling 2,395 shares during the quarter. HighTower Advisors LLC’s holdings in Dutch Bros were worth $787,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Dutch Bros during the fourth quarter worth about $25,000. Point72 Hong Kong Ltd bought a new position in Dutch Bros during the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC bought a new position in Dutch Bros during the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB acquired a new position in Dutch Bros during the third quarter valued at approximately $50,000. Finally, SBI Securities Co. Ltd. bought a new stake in Dutch Bros in the fourth quarter valued at approximately $53,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the transaction, the chairman now owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the sale, the insider now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Trading Down 5.7 %

Shares of NYSE:BROS opened at $64.82 on Friday. The stock has a market capitalization of $10.00 billion, a PE ratio of 190.66, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company’s 50-day moving average price is $67.84 and its two-hundred day moving average price is $52.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88.

Wall Street Analyst Weigh In

BROS has been the topic of a number of recent analyst reports. Wedbush lifted their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $70.00 in a report on Tuesday, January 7th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Robert W. Baird lifted their price objective on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, UBS Group boosted their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $76.50.

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.