Dutch Bros Inc. (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 291,707 Shares

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the transaction, the insider now owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 9.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49.

Dutch Bros Stock Down 3.9 %

NYSE:BROS traded down $2.92 during trading hours on Tuesday, reaching $72.39. 640,343 shares of the company traded hands, compared to its average volume of 3,059,158. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The business’s 50-day moving average price is $62.25 and its two-hundred day moving average price is $46.81. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88. The stock has a market capitalization of $11.16 billion, a P/E ratio of 212.93, a P/E/G ratio of 4.23 and a beta of 2.73.

Hedge Funds Weigh In On Dutch Bros

Large investors have recently modified their holdings of the stock. Creative Planning increased its stake in Dutch Bros by 62.3% during the 3rd quarter. Creative Planning now owns 12,451 shares of the company’s stock valued at $399,000 after purchasing an additional 4,778 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Dutch Bros by 269.1% during the third quarter. Private Advisor Group LLC now owns 24,924 shares of the company’s stock valued at $798,000 after buying an additional 18,171 shares during the last quarter. Hedges Asset Management LLC increased its position in shares of Dutch Bros by 28.1% during the third quarter. Hedges Asset Management LLC now owns 11,400 shares of the company’s stock valued at $365,000 after acquiring an additional 2,500 shares in the last quarter. US Bancorp DE raised its holdings in Dutch Bros by 8.9% in the 3rd quarter. US Bancorp DE now owns 11,224 shares of the company’s stock worth $360,000 after acquiring an additional 922 shares during the last quarter. Finally, Stephens Inc. AR bought a new position in Dutch Bros in the 3rd quarter valued at approximately $209,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BROS. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Piper Sandler lifted their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. UBS Group upped their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus upped their target price on Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $74.83.

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.