Dutch Bros Inc. (NYSE:BROS) Stock Position Decreased by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. cut its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 62.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,741 shares of the company’s stock after selling 85,888 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Dutch Bros were worth $2,763,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised 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 worth $22,021,000 after buying an additional 181,636 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Dutch Bros by 46.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,957 shares of the company’s stock valued at $895,000 after acquiring an additional 8,873 shares during the period. MetLife Investment Management LLC lifted its position in shares of Dutch Bros by 16.9% in the 3rd quarter. MetLife Investment Management LLC now owns 3,878 shares of the company’s stock valued at $124,000 after acquiring an additional 562 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Dutch Bros by 54.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,493 shares of the company’s stock worth $624,000 after purchasing an additional 6,866 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 worth $6,817,000 after purchasing an additional 58,623 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 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 $58,728,979.23. Following the completion of the transaction, the chairman now owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. The trade was a 20.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This trade represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 over the last 90 days. 46.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Dutch Bros in a report on Monday. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. TD Securities restated a “buy” rating and set a $89.00 price target on shares of Dutch Bros in a report on Friday, March 28th. Finally, Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $78.36.

Dutch Bros Stock Performance

BROS opened at $57.00 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The company has a market cap of $8.79 billion, a PE ratio of 167.65, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The stock has a 50-day moving average of $67.93 and a 200-day moving average of $53.36. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week 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.