Wrapmanager Inc. Cuts Stake in Dutch Bros Inc. (NYSE:BROS)

Wrapmanager Inc. trimmed its position in shares of Dutch Bros Inc. (NYSE:BROS) by 34.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,333 shares of the company’s stock after selling 2,832 shares during the period. Wrapmanager Inc.’s holdings in Dutch Bros were worth $279,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Dutch Bros during the 3rd quarter valued at about $573,000. Baillie Gifford & Co. purchased a new stake in Dutch Bros during the 3rd quarter valued at about $224,461,000. Charles Schwab Investment Management Inc. grew its position in Dutch Bros by 35.9% during the 3rd 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Dutch Bros by 38.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after purchasing an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC purchased a new stake in Dutch Bros during the 4th quarter valued at about $288,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 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 transaction of $58,728,979.23. Following the completion of the sale, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This trade represents a 20.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the sale, the insider now directly owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This trade represents a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,989,791 shares of company stock worth $151,876,557. Company insiders own 46.50% of the company’s stock.

Dutch Bros Price Performance

NYSE BROS opened at $73.05 on Wednesday. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 214.85, a PEG ratio of 4.23 and a beta of 2.73. The company’s 50 day moving average is $62.66 and its two-hundred day moving average is $47.11. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Analyst Ratings Changes

BROS has been the topic of several recent analyst reports. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Wedbush upped their target price on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Stifel Nicolaus upped their target price on shares of Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird upped their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $74.83.

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.