Counterpoint Mutual Funds LLC Makes New Investment in Dutch Bros Inc. (NYSE:BROS)

Counterpoint Mutual Funds LLC acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,735 shares of the company’s stock, valued at approximately $300,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Polen Capital Management LLC increased its stake in Dutch Bros by 137.4% during the 4th quarter. Polen Capital Management LLC now owns 105,023 shares of the company’s stock worth $5,501,000 after acquiring an additional 60,782 shares during the period. Commonwealth Equity Services LLC increased its stake in Dutch Bros by 0.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 161,711 shares of the company’s stock worth $8,470,000 after acquiring an additional 679 shares during the period. Swiss National Bank increased its stake in Dutch Bros by 0.7% during the 4th quarter. Swiss National Bank now owns 223,800 shares of the company’s stock worth $11,723,000 after acquiring an additional 1,500 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Dutch Bros by 8.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 41,767 shares of the company’s stock valued at $2,188,000 after purchasing an additional 3,134 shares during the last quarter. Finally, Prosperity Wealth Management Inc. increased its stake in shares of Dutch Bros by 4.8% in the 4th quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company’s stock valued at $502,000 after purchasing an additional 435 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

BROS has been the topic of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Bank of America lifted their price target on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Robert W. Baird lifted their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $75.75.

Dutch Bros Stock Up 1.9 %

Shares of BROS opened at $63.11 on Wednesday. The company has a market capitalization of $9.73 billion, a PE ratio of 185.62, a PEG ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The stock’s 50-day moving average price is $66.49 and its two-hundred day moving average price is $50.91. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business’s 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 transaction, the insider now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 9.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is currently owned by company 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.