Dutch Bros Inc. (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 291,707 Shares

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49.

Dutch Bros Stock Down 3.0 %

Shares of BROS stock opened at $73.05 on Wednesday. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The stock has a fifty day moving average price of $62.66 and a 200 day moving average price of $47.11. The stock has a market cap of $11.26 billion, a P/E ratio of 214.85, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73.

Analyst Ratings Changes

Several brokerages have recently issued reports on BROS. Stifel Nicolaus lifted their price target on Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Robert W. Baird raised their target price on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, TD Securities upped their price target on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $74.83.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently made changes to their positions in BROS. Virtu Financial LLC bought a new stake in Dutch Bros in the third quarter valued at about $573,000. Baillie Gifford & Co. bought a new stake in shares of Dutch Bros in the 3rd quarter valued at approximately $224,461,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Dutch Bros by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after buying an additional 181,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 worth $6,817,000 after buying an additional 58,623 shares in the last quarter. Finally, Clear Creek Financial Management LLC bought a new position in shares of Dutch Bros during the 4th quarter worth approximately $288,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.