Bridges Investment Management Inc. Takes Position in Dutch Bros Inc. (NYSE:BROS)

Bridges Investment Management Inc. bought a new stake in Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,824 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BROS. Baillie Gifford & Co. bought a new stake in shares of Dutch Bros in the 3rd quarter valued at about $224,461,000. Wasatch Advisors LP lifted its stake in shares of Dutch Bros by 232.1% in the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after acquiring an additional 1,141,913 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Dutch Bros by 317.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock valued at $53,878,000 after purchasing an additional 782,164 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in Dutch Bros by 58.0% during the 3rd 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.

Dutch Bros Stock Down 3.5 %

BROS stock opened at $76.42 on Tuesday. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The business’s 50 day moving average price is $64.12 and its two-hundred day moving average price is $48.12. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 224.77, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73.

Analysts Set New Price Targets

BROS has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird upped their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. TD Securities upped their price target on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, TD Cowen upped their price target on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $75.75.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 679,996 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the sale, the chairman now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the sale, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. The trade was a 7.31 % 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 in the last 90 days. Insiders own 46.50% of the company’s stock.

Dutch Bros 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.