Aljian Capital Management LLC Invests $277,000 in Dutch Bros Inc. (NYSE:BROS)

Aljian Capital Management LLC purchased a new position in Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, HoldingsChannel reports. The fund purchased 5,289 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Dutch Bros in the 4th quarter worth $25,000. Jamison Private Wealth Management Inc. increased its holdings in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares in the last quarter. Hollencrest Capital Management lifted its stake in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros in the third quarter worth approximately $36,000. Finally, nVerses Capital LLC bought a new stake in shares of Dutch Bros in the third quarter worth approximately $38,000. Institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. TD Cowen lifted their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Bank of America increased their target price on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. Robert W. Baird boosted their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group increased their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $62.36.

Dutch Bros Stock Performance

BROS opened at $64.77 on Thursday. The company has a 50 day simple moving average of $57.76 and a two-hundred day simple moving average of $44.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The firm has a market cap of $9.99 billion, a P/E ratio of 223.35, a PEG ratio of 3.88 and a beta of 2.73. Dutch Bros Inc. has a 1-year low of $26.32 and a 1-year high of $68.47.

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.