Taika Capital LP Acquires Shares of 14,243 Dutch Bros Inc. (NYSE:BROS)

Taika Capital LP bought a new position in Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 14,243 shares of the company’s stock, valued at approximately $746,000.

A number of other large investors have also recently modified their holdings of BROS. Amundi raised its stake in Dutch Bros by 21,821.0% in the fourth quarter. Amundi now owns 226,005 shares of the company’s stock worth $12,701,000 after buying an additional 224,974 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Dutch Bros during the 4th quarter valued at approximately $94,478,000. 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 valued at $1,730,000 after acquiring an additional 260 shares in the last quarter. Victory Capital Management Inc. boosted its position in Dutch Bros by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 24,586 shares of the company’s stock valued at $1,288,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Dutch Bros by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 692,956 shares of the company’s stock valued at $36,297,000 after acquiring an additional 5,429 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Bank of America lifted their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. UBS Group lifted 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. Wedbush lifted their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. TD Securities boosted their price objective on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus boosted their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $75.75.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $63.77 on Monday. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of 187.58, a PEG ratio of 4.23 and a beta of 2.65. The firm’s 50-day moving average is $65.64 and its 200 day moving average is $49.44. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the transaction, the insider now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This represents a 9.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock valued at $201,509,627 over the last ninety days. 46.50% of the stock is currently owned by corporate insiders.

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.