Dutch Bros Inc. (NYSE:BROS) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC reduced its position in shares of Dutch Bros Inc. (NYSE:BROS) by 33.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,804 shares of the company’s stock after selling 4,966 shares during the period. EntryPoint Capital LLC’s holdings in Dutch Bros were worth $514,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Dutch Bros in the 3rd quarter valued at approximately $573,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Dutch Bros by 35.9% in the third 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 period. Raymond James Financial Inc. acquired a new stake in Dutch Bros in the fourth quarter valued at about $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Dutch Bros by 38.0% in 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 in the last quarter. Finally, Clear Creek Financial Management LLC purchased a new stake in Dutch Bros during the fourth quarter worth $288,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BROS has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their target price 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. Morgan Stanley started coverage on Dutch Bros in a research note on Monday. They issued an “overweight” rating and a $82.00 target price for the company. Finally, UBS Group boosted their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dutch Bros has an average rating of “Buy” and a consensus price target of $76.23.

Dutch Bros Price Performance

NYSE BROS opened at $70.48 on Tuesday. 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 stock has a market capitalization of $10.87 billion, a PE ratio of 207.30, a P/E/G ratio of 4.23 and a beta of 2.65. The stock has a 50-day simple moving average of $67.34 and a 200 day simple moving average of $51.92. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s 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 transaction, the insider now owns 2,640,779 shares in the company, valued at approximately $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 a total of 2,643,632 shares of company stock valued at $201,509,627 over the last ninety days. 46.50% of the stock is owned by company insiders.

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.