SBI Securities Co. Ltd. Makes New Investment in Dutch Bros Inc. (NYSE:BROS)

SBI Securities Co. Ltd. purchased a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,003 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds also recently modified their holdings of BROS. Amalgamated Bank boosted its stake in 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 buying an additional 220 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Dutch Bros by 33.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,852 shares of the company’s stock valued at $99,000 after purchasing an additional 467 shares in the last quarter. R Squared Ltd acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $25,000. Independent Advisor Alliance raised its holdings in shares of Dutch Bros by 2.9% in the 3rd quarter. Independent Advisor Alliance now owns 18,073 shares of the company’s stock worth $579,000 after purchasing an additional 501 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Dutch Bros by 16.9% in the 3rd quarter. MetLife Investment Management LLC now owns 3,878 shares of the company’s stock worth $124,000 after purchasing an additional 562 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Price Performance

NYSE BROS opened at $58.07 on Tuesday. 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 firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 170.81, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a 50 day simple moving average of $65.64 and a 200-day simple moving average of $49.44. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week 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 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 value of $22,674,385.11. Following the completion of the sale, the insider now owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 9.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the transaction, the chairman now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Bank of America lifted their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Barclays raised 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. TD Securities increased their price target on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus boosted their price objective on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One investment 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 stock. According to data from 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.