Dutch Bros Inc. (NYSE:BROS) Shares Purchased by RiverPark Advisors LLC

RiverPark Advisors LLC grew its position in shares of Dutch Bros Inc. (NYSE:BROS) by 50.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,207 shares of the company’s stock after acquiring an additional 2,094 shares during the quarter. RiverPark Advisors LLC’s holdings in Dutch Bros were worth $325,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BROS. Virtu Financial LLC acquired a new position in shares of Dutch Bros during the 3rd quarter valued at $573,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dutch Bros during the third quarter worth about $50,000. Watts Gwilliam & Co. LLC purchased a new stake in shares of Dutch Bros in the fourth quarter worth about $304,000. Fortitude Family Office LLC acquired a new stake in shares of Dutch Bros in the fourth quarter valued at about $41,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Dutch Bros by 6.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 28,637 shares of the company’s stock valued at $1,500,000 after buying an additional 1,661 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Trading Up 4.2 %

NYSE:BROS opened at $61.13 on Thursday. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. 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 company has a market cap of $9.43 billion, a PE ratio of 179.80, a P/E/G ratio of 4.23 and a beta of 2.71. The business’s 50 day moving average is $65.06 and its two-hundred day moving average is $55.84.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BROS shares. Stifel Nicolaus upped their price target on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Guggenheim raised their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 31st. Robert W. Baird dropped their price target on shares of Dutch Bros from $80.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company started coverage on shares of Dutch Bros in a research report on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 price objective for the company. Finally, Bank of America lifted their target price on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $76.57.

Insider Buying and Selling

In related news, 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 owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This represents a 9.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 over the last ninety days. 42.40% of the stock is owned by insiders.

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.