Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Versor Investments LP

Versor Investments LP boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 128.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,400 shares of the company’s stock after buying an additional 10,355 shares during the period. Versor Investments LP’s holdings in Dutch Bros were worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BROS. Virtu Financial LLC bought a new stake in Dutch Bros during the 3rd quarter valued at approximately $573,000. Baillie Gifford & Co. acquired a new position in shares of Dutch Bros in the 3rd quarter worth approximately $224,461,000. Charles Schwab Investment Management Inc. increased its holdings in Dutch Bros by 35.9% during the 3rd 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Dutch Bros by 38.0% during 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 acquired a new stake in Dutch Bros during the 4th quarter valued at $288,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros 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 directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the transaction, the chairman now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BROS. TD Securities increased their price objective on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group increased their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. increased their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, UBS Group increased their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $74.83.

Dutch Bros Stock Performance

BROS stock opened at $76.42 on Friday. The business’s 50-day moving average price is $63.14 and its two-hundred day moving average price is $47.31. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a market cap of $11.78 billion, a PE ratio of 224.76, a P/E/G ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88.

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.