Bridges Investment Management Inc. Buys Shares of 3,824 Dutch Bros Inc. (NYSE:BROS)

Bridges Investment Management Inc. bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,824 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors have also added to or reduced their stakes in BROS. Baillie Gifford & Co. purchased a new stake in Dutch Bros during the 3rd quarter valued at $224,461,000. Wasatch Advisors LP boosted its stake in Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares during the last quarter. Wellington Management Group LLP boosted its stake in Dutch Bros by 135.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after purchasing an additional 1,141,913 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Dutch Bros by 317.4% during 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. Finally, Eagle Asset Management Inc. boosted its stake in Dutch Bros by 58.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after purchasing an additional 741,771 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $76.42 on Tuesday. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. The stock’s fifty day moving average is $64.12 and its 200 day moving average is $48.12. The stock has a market cap of $11.78 billion, a P/E ratio of 224.77, a P/E/G ratio of 4.23 and a beta of 2.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

Wall Street Analyst Weigh In

Several analysts have commented on the company. UBS Group increased their target price on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. increased their price target on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. TD Cowen increased their price target on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Robert W. Baird increased their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a 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 research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $75.75.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the sale, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the sale, the insider now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is owned by company insiders.

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.