24,051 Shares in Dutch Bros Inc. (NYSE:BROS) Acquired by Scratch Capital LLC

Scratch Capital LLC acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,051 shares of the company’s stock, valued at approximately $1,260,000. Dutch Bros comprises about 1.5% of Scratch Capital LLC’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning lifted its stake in Dutch Bros by 62.3% in the third quarter. Creative Planning now owns 12,451 shares of the company’s stock valued at $399,000 after buying an additional 4,778 shares in the last quarter. US Bancorp DE lifted its stake in Dutch Bros by 8.9% in the third quarter. US Bancorp DE now owns 11,224 shares of the company’s stock valued at $360,000 after buying an additional 922 shares in the last quarter. Stephens Inc. AR bought a new position in Dutch Bros in the third quarter valued at approximately $209,000. Farther Finance Advisors LLC lifted its stake in Dutch Bros by 8.6% in the third quarter. Farther Finance Advisors LLC now owns 6,844 shares of the company’s stock valued at $219,000 after buying an additional 544 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Dutch Bros by 73.1% in the third quarter. Harbor Capital Advisors Inc. now owns 26,976 shares of the company’s stock valued at $864,000 after buying an additional 11,392 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

BROS has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Robert W. Baird boosted their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Stifel Nicolaus upped their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday. Wedbush upped their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, TD Cowen upped their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Dutch Bros presently has a consensus rating of “Buy” and a consensus price target of $75.75.

Dutch Bros Trading Down 3.5 %

BROS opened at $76.42 on Tuesday. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The company has a 50-day simple moving average of $64.12 and a 200 day simple moving average of $48.12. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 224.77, a P/E/G ratio of 4.23 and a beta of 2.73.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction dated 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 owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the transaction, the insider now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This trade represents a 9.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 over the last quarter. 46.50% of the stock is owned by company insiders.

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.