Handelsbanken Fonder AB Increases Stake in Dutch Bros Inc. (NYSE:BROS)

Handelsbanken Fonder AB increased its holdings in Dutch Bros Inc. (NYSE:BROS) by 30.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,500 shares of the company’s stock after purchasing an additional 7,200 shares during the period. Handelsbanken Fonder AB’s holdings in Dutch Bros were worth $1,598,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Dutch Bros in the 4th quarter worth $25,000. Hollencrest Capital Management increased 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 purchasing an additional 314 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Dutch Bros during the 3rd quarter valued at about $36,000. Fortitude Family Office LLC bought a new stake in Dutch Bros during the 4th quarter valued at about $41,000. Finally, Asset Management One Co. Ltd. bought a new stake in Dutch Bros during the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Down 3.0 %

Shares of BROS opened at $73.05 on Wednesday. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88. 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 firm’s fifty day moving average is $62.66 and its two-hundred day moving average is $47.11. The stock has a market cap of $11.26 billion, a PE ratio of 214.85, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was 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 directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $19,629,891.49. Following the completion of the transaction, the insider now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This trade represents a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,989,791 shares of company stock worth $151,876,557 in the last quarter. Company insiders own 46.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BROS. Bank of America raised their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Jefferies Financial Group raised their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Robert W. Baird lifted their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Wedbush lifted their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One research 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 company. According to MarketBeat, the stock has a consensus 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.