Wellington Management Group LLP Sells 1,148,659 Shares of Dutch Bros Inc. (NYSE:BROS)

Wellington Management Group LLP trimmed its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 57.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 834,709 shares of the company’s stock after selling 1,148,659 shares during the period. Wellington Management Group LLP owned about 0.54% of Dutch Bros worth $43,722,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Dutch Bros in the 4th quarter worth about $25,000. Fortitude Family Office LLC purchased a new position in Dutch Bros during the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new stake in Dutch Bros in the third quarter worth about $50,000. SBI Securities Co. Ltd. bought a new position in Dutch Bros in the fourth quarter worth $53,000. Finally, Quarry LP lifted its position in Dutch Bros by 68.0% during the 3rd quarter. Quarry LP now owns 1,740 shares of the company’s stock valued at $56,000 after acquiring an additional 704 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BROS shares. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Dutch Bros in a research report on Monday, March 31st. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, Guggenheim upped their target price on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, March 31st. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $78.36.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 679,996 shares of the 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 completion of the sale, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 9.13 % 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 valued at $201,509,627. 46.50% of the stock is owned by insiders.

Dutch Bros Trading Down 9.8 %

Dutch Bros stock opened at $51.31 on Friday. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88. The company has a market cap 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 quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The business has a 50-day simple moving average of $67.75 and a two-hundred day simple moving average of $53.61.

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.