ING Groep NV Invests $2.17 Million in Dutch Bros Inc. (NYSE:BROS)

ING Groep NV acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 41,400 shares of the company’s stock, valued at approximately $2,169,000.

Several other large investors also recently bought and sold shares of the business. Hollencrest Capital Management raised its stake in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Dutch Bros by 33.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,852 shares of the company’s stock worth $99,000 after acquiring an additional 467 shares during the period. R Squared Ltd bought a new stake in shares of Dutch Bros in the fourth quarter worth $25,000. Keudell Morrison Wealth Management increased its position in Dutch Bros by 4.6% during the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock valued at $353,000 after acquiring an additional 490 shares during the last quarter. Finally, Cannon Global Investment Management LLC lifted its holdings in Dutch Bros by 7.7% in the third quarter. Cannon Global Investment Management LLC now owns 7,000 shares of the company’s stock valued at $224,000 after acquiring an additional 500 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Trading Down 7.2 %

BROS stock opened at $76.09 on Friday. 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 1-year low of $26.38 and a 1-year high of $86.88. The business has a 50 day simple moving average of $61.83 and a two-hundred day simple moving average of $46.43. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 223.79, a PEG ratio of 4.23 and a beta of 2.73.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BROS. Piper Sandler boosted their price target on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Bank of America boosted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, TD Securities upped their price objective on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $74.83.

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.