Dutch Bros Inc. (NYSE:BROS) Holdings Lifted by Pier Capital LLC

Pier Capital LLC raised its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 32.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,545 shares of the company’s stock after buying an additional 54,847 shares during the quarter. Dutch Bros comprises approximately 1.7% of Pier Capital LLC’s holdings, making the stock its 4th largest position. Pier Capital LLC owned about 0.14% of Dutch Bros worth $11,657,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Dutch Bros by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock valued at $533,465,000 after buying an additional 153,070 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of 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 acquiring an additional 2,885,306 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Dutch Bros by 135.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after acquiring an additional 1,141,913 shares in the last quarter. Joho Capital LLC boosted its position in shares of Dutch Bros by 40.7% during 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 last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Dutch Bros in the fourth quarter valued at $94,478,000. Institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the sale, the insider now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the company’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 sale, the chairman now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock valued at $201,509,627 in the last three months. Company insiders own 46.50% of the company’s stock.

Dutch Bros Stock Up 7.7 %

Shares of BROS opened at $70.48 on Tuesday. The firm has a market capitalization of $10.87 billion, a P/E ratio of 207.30, a P/E/G ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The firm has a fifty day moving average price of $67.34 and a 200-day moving average price of $51.92. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wedbush increased 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. TD Securities increased their price target on shares of Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and a consensus target price of $76.23.

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.