AXQ Capital LP Takes Position in Dutch Bros Inc. (NYSE:BROS)

AXQ Capital LP bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 11,751 shares of the company’s stock, valued at approximately $616,000.

Several other hedge funds have also recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Dutch Bros in the fourth quarter valued at about $25,000. Fortitude Family Office LLC acquired a new stake in Dutch Bros in the 4th quarter valued at approximately $41,000. SBI Securities Co. Ltd. bought a new stake in Dutch Bros in the 4th quarter valued at approximately $53,000. Point72 Hong Kong Ltd acquired a new position in Dutch Bros during the 3rd quarter worth approximately $36,000. Finally, Arcadia Investment Management Corp MI acquired a new position in Dutch Bros during the 4th quarter worth approximately $60,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

NYSE BROS opened at $65.55 on Friday. The stock has a market cap of $10.11 billion, a PE ratio of 192.81, a P/E/G ratio of 4.23 and a beta of 2.65. 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 50-day moving average of $67.04 and a 200-day moving average of $51.51. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 755,551 shares of the firm’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 transaction, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the sale, the insider now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock worth $201,509,627 over the last three months. Insiders own 46.50% of the company’s stock.

Wall Street Analyst Weigh In

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. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. TD Securities upped their target price on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Wedbush increased their price target on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $75.75.

Dutch Bros 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.