Dutch Bros Inc. (NYSE:BROS) Shares Sold by Diametric Capital LP

Diametric Capital LP trimmed its holdings in Dutch Bros Inc. (NYSE:BROS) by 30.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 36,479 shares of the company’s stock after selling 15,878 shares during the period. Dutch Bros makes up 1.3% of Diametric Capital LP’s portfolio, making the stock its 11th biggest holding. Diametric Capital LP’s holdings in Dutch Bros were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BROS. Raymond James Financial Inc. purchased a new position in shares of Dutch Bros during the 4th quarter worth about $94,478,000. Wellington Management Group LLP raised its stake in Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of Dutch Bros by 317.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock valued at $53,878,000 after purchasing an additional 782,164 shares during the last quarter. State Street Corp grew its stake in shares of Dutch Bros by 34.8% during the 3rd quarter. State Street Corp now owns 1,734,646 shares of the company’s stock valued at $55,561,000 after buying an additional 447,456 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Dutch Bros by 28.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company’s stock worth $56,814,000 after buying an additional 397,754 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the transaction, the chairman now owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the sale, the insider now owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 9.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,643,632 shares of company stock worth $201,509,627. Insiders own 46.50% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS opened at $61.92 on Tuesday. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 182.11, a PEG ratio of 4.23 and a beta of 2.65. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $67.93 and its two-hundred day moving average is $53.08. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BROS shares. Guggenheim boosted their price target on Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley initiated coverage on Dutch Bros in a report on Monday, March 24th. They set an “overweight” rating and a $82.00 target price for the company. Bank of America raised their price target 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. UBS Group raised their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $78.36.

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.