Olympiad Research LP Reduces Holdings in Dutch Bros Inc. (NYSE:BROS)

Olympiad Research LP trimmed its position in shares of Dutch Bros Inc. (NYSE:BROS) by 53.0% in the 4th quarter, Holdings Channel reports. The firm owned 6,192 shares of the company’s stock after selling 6,987 shares during the period. Olympiad Research LP’s holdings in Dutch Bros were worth $324,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Baillie Gifford & Co. purchased a new stake in shares of Dutch Bros during the third quarter worth approximately $224,461,000. Wasatch Advisors LP increased its position in shares of Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Dutch Bros by 58.0% during the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock worth $64,715,000 after purchasing an additional 741,771 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares in the last quarter. Finally, Joho Capital LLC increased its position in shares of Dutch Bros by 40.7% during the third quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock worth $61,482,000 after purchasing an additional 555,000 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on BROS. Stifel Nicolaus boosted their price objective on Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, Bank of America boosted their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. 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 MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $74.83.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $76.09 on Friday. Dutch Bros Inc. has a 52 week low of $26.38 and a 52 week high of $86.88. The business’s fifty day simple moving average is $61.83 and its 200-day simple moving average is $46.43. The firm has a market cap of $11.73 billion, a PE ratio of 223.79, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

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.