Dutch Bros Inc. (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 182,123 Shares

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49.
• On Friday, February 21st, Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11.

Dutch Bros Price Performance

Shares of BROS opened at $79.19 on Friday. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The firm’s 50 day moving average price is $64.12 and its 200 day moving average price is $47.86. The company has a market cap of $12.21 billion, a P/E ratio of 232.93, a PEG ratio of 4.23 and a beta of 2.73. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in Dutch Bros during the 4th quarter worth approximately $25,000. Coppell Advisory Solutions LLC increased its position in shares of Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares during the last quarter. Hollencrest Capital Management increased its position 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 purchasing an additional 314 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Dutch Bros in the 3rd quarter valued at approximately $36,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Dutch Bros in the 4th quarter valued at approximately $41,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Bank of America boosted their target price 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. Stifel Nicolaus upped their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. UBS Group upped their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Wedbush upped their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $75.75.

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.