Amundi Increases Position in Dutch Bros Inc. (NYSE:BROS)

Amundi lifted its position in shares of Dutch Bros Inc. (NYSE:BROS) by 21,821.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 226,005 shares of the company’s stock after buying an additional 224,974 shares during the period. Amundi owned 0.15% of Dutch Bros worth $12,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BROS. Virtu Financial LLC purchased a new position in Dutch Bros during the third quarter worth approximately $573,000. Charles Schwab Investment Management Inc. raised its stake in Dutch Bros by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after purchasing an additional 181,636 shares during the period. Raymond James Financial Inc. purchased a new position in Dutch Bros during the fourth quarter worth approximately $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 worth $6,817,000 after purchasing an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new position in Dutch Bros during the fourth quarter worth approximately $288,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Activity

In other news, Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the completion of the transaction, the chairman now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. The trade was a 16.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction dated 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 completion of the transaction, the insider now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This trade represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 46.50% of the company’s stock.

Dutch Bros Price Performance

Shares of BROS stock opened at $62.40 on Friday. The firm has a market cap of $9.62 billion, a P/E ratio of 183.53, a P/E/G ratio of 4.23 and a beta of 2.65. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88. The firm has a fifty day moving average of $66.17 and a two-hundred day moving average of $49.99.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. TD Securities raised their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird raised their target price on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. UBS Group raised their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Baird R W raised shares of 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, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $75.75.

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.