ExodusPoint Capital Management LP Buys 112,202 Shares of Dutch Bros Inc. (NYSE:BROS)

ExodusPoint Capital Management LP increased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 780.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,582 shares of the company’s stock after buying an additional 112,202 shares during the quarter. ExodusPoint Capital Management LP owned 0.08% of Dutch Bros worth $6,630,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Bryce Point Capital LLC bought a new position in Dutch Bros in the 4th quarter worth approximately $1,681,000. Geode Capital Management LLC increased its stake in shares of Dutch Bros by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company’s stock valued at $94,079,000 after buying an additional 22,214 shares during the period. Level Four Advisory Services LLC raised its position in shares of Dutch Bros by 6.1% during the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company’s stock worth $356,000 after acquiring an additional 392 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Dutch Bros by 11.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 16,204 shares of the company’s stock valued at $849,000 after acquiring an additional 1,629 shares during the period. Finally, Norges Bank bought a new position in Dutch Bros in the fourth quarter valued at about $17,266,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the sale, the chairman now owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Company insiders own 46.50% of the company’s stock.

Dutch Bros Trading Down 9.8 %

Shares of NYSE:BROS opened at $51.31 on Friday. The company has a market capitalization of $7.91 billion, a P/E ratio of 150.93, a P/E/G ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The business’s 50 day simple moving average is $67.75 and its 200 day simple moving average is $53.61. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. TD Securities reiterated a “buy” rating and set a $89.00 price target on shares of Dutch Bros in a research report on Friday, March 28th. Robert W. Baird lifted their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Bank of America increased their price target on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Jefferies Financial Group lifted their price objective on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, 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. One 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. Based on data from MarketBeat.com, Dutch Bros presently has an average rating of “Buy” and an average target price of $78.36.

Dutch Bros Company 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.