Quantbot Technologies LP acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS – Free Report) 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
Read Our Latest Stock Report on BROS
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.
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