Kestra Private Wealth Services LLC Purchases 1,697 Shares of Dutch Bros Inc. (NYSE:BROS)

Kestra Private Wealth Services LLC increased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,620 shares of the company’s stock after purchasing an additional 1,697 shares during the period. Kestra Private Wealth Services LLC’s holdings in Dutch Bros were worth $1,499,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hollencrest Capital Management raised its stake in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. Creative Planning increased its stake in Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after acquiring an additional 405 shares during the period. R Squared Ltd acquired a new position in Dutch Bros in the fourth quarter worth about $25,000. Keudell Morrison Wealth Management lifted its stake in Dutch Bros by 4.6% during the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after purchasing an additional 490 shares during the period. Finally, Jamison Private Wealth Management Inc. boosted its holdings in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Trading Up 0.9 %

Shares of NYSE BROS opened at $64.77 on Thursday. The company’s 50 day simple moving average is $57.76 and its 200 day simple moving average is $44.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. Dutch Bros Inc. has a fifty-two week low of $26.32 and a fifty-two week high of $68.47. The firm has a market capitalization of $9.99 billion, a P/E ratio of 223.35, a P/E/G ratio of 3.88 and a beta of 2.73.

Wall Street Analysts Forecast Growth

BROS has been the subject of a number of recent research reports. TD Cowen increased their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Stifel Nicolaus upped their price target on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Wedbush raised their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $60.09.

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.