Sei Investments Co. Purchases 10,775 Shares of Dutch Bros Inc. (NYSE:BROS)

Sei Investments Co. raised its position in Dutch Bros Inc. (NYSE:BROS) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 373,465 shares of the company’s stock after acquiring an additional 10,775 shares during the period. Sei Investments Co. owned approximately 0.24% of Dutch Bros worth $19,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Wasatch Advisors LP grew its position in Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after purchasing an additional 2,885,306 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Dutch Bros by 135.7% during the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after buying an additional 1,141,913 shares during the last quarter. Joho Capital LLC increased its position in shares of Dutch Bros by 40.7% in the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock valued at $61,482,000 after acquiring an additional 555,000 shares during the period. Raymond James Financial Inc. purchased a new position in Dutch Bros in the 4th quarter worth $94,478,000. Finally, Geode Capital Management LLC lifted its position in Dutch Bros by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company’s stock worth $56,814,000 after acquiring an additional 397,754 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the sale, the insider now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 9.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Travis Boersma sold 679,996 shares of the 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 directly owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 in the last quarter. Corporate insiders own 46.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Wedbush raised their price target on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Robert W. Baird increased their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, UBS Group raised their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $76.50.

Dutch Bros Stock Performance

Shares of BROS stock opened at $64.82 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The business’s 50 day moving average is $67.84 and its two-hundred day moving average is $52.39. The company has a market capitalization of $10.00 billion, a P/E ratio of 190.66, a P/E/G ratio of 4.23 and a beta of 2.65.

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.