Farther Finance Advisors LLC Reduces Stock Position in Dutch Bros Inc. (NYSE:BROS)

Farther Finance Advisors LLC decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,300 shares of the company’s stock after selling 544 shares during the period. Farther Finance Advisors LLC’s holdings in Dutch Bros were worth $330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its holdings in shares of Dutch Bros by 10.4% during the 3rd quarter. Amalgamated Bank now owns 6,048 shares of the company’s stock valued at $194,000 after buying an additional 570 shares during the period. Victory Capital Management Inc. lifted its holdings in Dutch Bros by 18.1% in the third quarter. Victory Capital Management Inc. now owns 23,523 shares of the company’s stock valued at $753,000 after acquiring an additional 3,605 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Dutch Bros in the third quarter worth about $1,207,000. KBC Group NV grew its stake in shares of Dutch Bros by 53.3% during the 3rd quarter. KBC Group NV now owns 3,025 shares of the company’s stock valued at $97,000 after purchasing an additional 1,052 shares during the period. Finally, LMR Partners LLP purchased a new stake in shares of Dutch Bros during the 3rd quarter valued at about $3,908,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analysts Set New Price Targets

BROS has been the topic of a number of research reports. William Blair reissued an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. Wedbush boosted their price objective on shares of Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Robert W. Baird raised their target price on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Bank of America raised their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $75.75.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $61.93 on Tuesday. 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 firm has a market cap of $9.55 billion, a price-to-earnings ratio of 182.16, a P/E/G ratio of 4.23 and a beta of 2.65. The firm has a fifty day moving average price of $66.37 and a 200 day moving average price of $50.69. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the transaction, the insider now owns 2,903,316 shares in the company, valued at $225,674,752.68. This trade represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 679,996 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last 90 days. Corporate 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.