Dutch Bros Inc. (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 262,537 Shares

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the completion of the sale, the insider now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Wednesday, February 26th, Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93.
• On Friday, February 21st, Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11.

Dutch Bros Trading Up 1.3 %

Shares of Dutch Bros stock opened at $76.42 on Friday. The stock has a 50 day moving average of $63.14 and a 200 day moving average of $47.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 224.76, a PEG ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88.

Analyst Ratings Changes

Several brokerages have issued reports on BROS. Jefferies Financial Group lifted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Stifel Nicolaus increased their price objective on shares of Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 13th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $74.83.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently modified their holdings of BROS. Baillie Gifford & Co. purchased a new stake in Dutch Bros in the 3rd quarter valued at about $224,461,000. FIL Ltd purchased a new position in Dutch Bros during the fourth quarter worth about $176,298,000. FMR LLC increased its position in shares of Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after acquiring an additional 3,227,435 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Dutch Bros by 232.1% in the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $94,478,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.