Artisan Partners Limited Partnership Sells 268,286 Shares of Dutch Bros Inc. (NYSE:BROS)

Artisan Partners Limited Partnership trimmed its position in Dutch Bros Inc. (NYSE:BROS) by 42.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 358,799 shares of the company’s stock after selling 268,286 shares during the period. Artisan Partners Limited Partnership’s holdings in Dutch Bros were worth $18,794,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in shares of Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Dutch Bros during the 4th quarter valued at about $94,478,000. Wellington Management Group LLP increased its position in Dutch Bros by 135.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after buying an additional 1,141,913 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in Dutch Bros by 317.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock valued at $53,878,000 after buying an additional 782,164 shares during the last quarter. Finally, Joho Capital LLC boosted its holdings in Dutch Bros by 40.7% in the third quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock worth $61,482,000 after acquiring an additional 555,000 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BROS shares. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. TD Securities restated a “buy” rating and set a $89.00 price target on shares of Dutch Bros in a research note on Friday. UBS Group raised their price target 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. Bank of America boosted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company initiated coverage on Dutch Bros in a research report on Wednesday. They issued an “overweight” rating and a $80.00 target price on the stock. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Dutch Bros has a consensus rating of “Buy” and an average price target of $76.50.

Dutch Bros Stock Performance

BROS opened at $62.49 on Friday. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 183.80, a PEG ratio of 4.23 and a beta of 2.65. The firm’s fifty day simple moving average is $67.89 and its two-hundred day simple moving average is $52.60. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the transaction, the chairman now owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This represents a 16.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the sale, the insider now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 in the last 90 days. Insiders own 46.50% of the company’s stock.

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.