Dutch Bros Inc. (NYSE:BROS) Shares Sold by Camelot Portfolios LLC

Camelot Portfolios LLC cut its position in Dutch Bros Inc. (NYSE:BROS) by 7.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,700 shares of the company’s stock after selling 800 shares during the quarter. Camelot Portfolios LLC’s holdings in Dutch Bros were worth $560,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BROS. R Squared Ltd bought a new stake in Dutch Bros in the 4th quarter valued at about $25,000. Hollencrest Capital Management boosted its position in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Dutch Bros in the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros in the fourth quarter worth $41,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Dutch Bros during the 3rd quarter worth approximately $44,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. TD Cowen lifted their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus increased their price target on shares of Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Dutch Bros presently has a consensus rating of “Buy” and an average price target of $74.83.

Dutch Bros Trading Down 7.2 %

NYSE BROS opened at $76.09 on Friday. The stock has a market capitalization of $11.73 billion, a P/E ratio of 223.79, a P/E/G ratio of 4.70 and a beta of 2.73. The business has a 50 day simple moving average of $61.83 and a 200 day simple moving average of $46.37. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros Inc. has a one year low of $26.38 and a one year high of $86.88.

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.