Polen Capital Management LLC Buys 60,782 Shares of Dutch Bros Inc. (NYSE:BROS)

Polen Capital Management LLC raised its stake in Dutch Bros Inc. (NYSE:BROS) by 137.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,023 shares of the company’s stock after buying an additional 60,782 shares during the quarter. Polen Capital Management LLC owned about 0.07% of Dutch Bros worth $5,501,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BROS. Wasatch Advisors LP lifted its stake in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after buying an additional 2,885,306 shares in the last quarter. Raymond James Financial Inc. bought a new position in Dutch Bros in the fourth quarter valued at approximately $94,478,000. Wellington Management Group LLP lifted its stake in Dutch Bros by 135.7% in the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after buying an additional 1,141,913 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Dutch Bros by 317.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock valued at $53,878,000 after buying an additional 782,164 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after purchasing an additional 741,771 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BROS. JPMorgan Chase & Co. lifted their price objective 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. Robert W. Baird lifted their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Bank of America lifted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $75.75.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The sale 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 the business’s 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 sale, the insider now directly owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock valued at $201,509,627 over the last ninety days. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Trading Up 4.7 %

BROS stock opened at $62.40 on Monday. 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 company has a fifty day moving average price of $66.29 and a two-hundred day moving average price of $50.47. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 183.53, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

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.