Landscape Capital Management L.L.C. Lowers Position in Dutch Bros Inc. (NYSE:BROS)

Landscape Capital Management L.L.C. reduced its holdings in Dutch Bros Inc. (NYSE:BROS) by 60.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 35,129 shares of the company’s stock after selling 53,695 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Dutch Bros were worth $1,840,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC acquired a new position in Dutch Bros during the third quarter worth about $573,000. Charles Schwab Investment Management Inc. boosted its position 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Dutch Bros in the fourth quarter valued at $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Dutch Bros by 38.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after acquiring an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC acquired a new position in Dutch Bros during the fourth quarter worth about $288,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BROS has been the topic of several recent analyst reports. TD Securities reissued a “buy” rating and set a $89.00 price objective on shares of Dutch Bros in a research note on Friday, March 28th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Robert W. Baird upped their price objective on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Jefferies Financial Group boosted their target price on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Bank of America raised their price target 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. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and an average target price of $78.36.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 20.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last ninety days. 46.50% of the stock is currently owned by corporate insiders.

Dutch Bros Trading Down 9.8 %

Shares of NYSE:BROS opened at $51.31 on Friday. The company’s 50-day moving average price is $67.75 and its 200 day moving average price is $53.48. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The company has a market cap of $7.91 billion, a PE ratio of 150.93, a P/E/G ratio of 4.23 and a beta of 2.65. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

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.