Trexquant Investment LP Sells 63,712 Shares of Dutch Bros Inc. (NYSE:BROS)

Trexquant Investment LP cut its position in shares of Dutch Bros Inc. (NYSE:BROS) by 14.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,384 shares of the company’s stock after selling 63,712 shares during the quarter. Trexquant Investment LP owned about 0.24% of Dutch Bros worth $19,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Dutch Bros in the 3rd quarter worth approximately $573,000. Charles Schwab Investment Management Inc. grew its stake in shares of Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after acquiring an additional 181,636 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Dutch Bros during the fourth quarter valued at $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after acquiring an additional 58,623 shares in the last quarter. Finally, Clear Creek Financial Management LLC purchased a new position in shares of Dutch Bros in the 4th quarter worth about $288,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

NYSE:BROS opened at $61.92 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The stock has a 50-day simple moving average of $67.93 and a two-hundred day simple moving average of $53.08. The firm has a market capitalization of $9.55 billion, a PE ratio of 182.11, a P/E/G ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This represents a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of Dutch Bros 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 $50,843,300.92. Following the sale, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on BROS shares. JPMorgan Chase & Co. raised 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. Wells Fargo & Company assumed coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 price objective for the company. Guggenheim increased their price objective on Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a research report on Monday. Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of Dutch Bros in a research report on Monday. Finally, Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dutch Bros has an average rating of “Buy” and an average target price of $78.36.

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.