Dutch Bros Inc. (NYSE:BROS) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its position in Dutch Bros Inc. (NYSE:BROS) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,598 shares of the company’s stock after selling 257 shares during the quarter. Kennedy Capital Management LLC’s holdings in Dutch Bros were worth $3,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Dutch Bros during the fourth quarter worth about $25,000. Fortitude Family Office LLC purchased a new stake in Dutch Bros during the 4th quarter worth approximately $41,000. Bernard Wealth Management Corp. acquired a new stake in Dutch Bros during the 4th quarter worth approximately $43,000. Wilmington Savings Fund Society FSB purchased a new position in Dutch Bros in the 3rd quarter valued at approximately $50,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Dutch Bros during the fourth quarter worth $53,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 7.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 471,718 shares of Dutch Bros stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the transaction, the chairman now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This represents a 16.95 % decrease in their ownership of the stock. 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 quarter. 46.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BROS shares. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Morgan Stanley assumed coverage on Dutch Bros in a research report on Monday, March 24th. They set an “overweight” rating and a $82.00 price objective for the company. Robert W. Baird reduced their target price on shares of Dutch Bros from $80.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Finally, Wells Fargo & Company assumed 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 on the stock. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $76.29.

Dutch Bros Stock Up 1.1 %

BROS opened at $57.61 on Friday. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88. 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 stock has a market capitalization of $8.88 billion, a P/E ratio of 169.45, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The business’s 50-day simple moving average is $66.94 and its 200-day simple moving average is $54.55.

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.