Quantbot Technologies LP Takes Position in Dutch Bros Inc. (NYSE:BROS)

Quantbot Technologies LP acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,434 shares of the company’s stock, valued at approximately $4,737,000.

Other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Dutch Bros during the third quarter valued at about $573,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Dutch Bros by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after purchasing an additional 181,636 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Dutch Bros during the fourth quarter worth about $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after acquiring an additional 58,623 shares in the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in shares of Dutch Bros during the fourth quarter worth about $288,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS stock opened at $62.40 on Friday. The stock has a market capitalization of $9.62 billion, a P/E ratio of 183.53, a PEG ratio of 4.23 and a beta of 2.65. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $66.17 and its 200 day moving average is $49.99. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88.

Analyst Upgrades and Downgrades

BROS has been the subject of several recent research reports. Piper Sandler boosted their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. 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. Bank of America upped their price objective 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. UBS Group upped their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and an average price target of $75.75.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the sale, the insider now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 9.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the sale, the chairman now owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is 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.