Dutch Bros Inc. (NYSE:BROS) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in shares of Dutch Bros Inc. (NYSE:BROS) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,813,446 shares of the company’s stock after selling 278,738 shares during the period. Alliancebernstein L.P. owned about 1.18% of Dutch Bros worth $94,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new position in Dutch Bros during the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros during the third quarter worth about $36,000. Fortitude Family Office LLC purchased a new position in shares of Dutch Bros in the fourth quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dutch Bros in the third quarter valued at approximately $50,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Dutch Bros during the 4th quarter worth approximately $53,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BROS has been the subject of several recent research reports. Morgan Stanley started coverage on shares of Dutch Bros in a research report on Monday, March 24th. They issued an “overweight” rating and a $82.00 price target for the company. Piper Sandler boosted their target price on Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Robert W. Baird upped their price target on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, Wedbush restated an “outperform” rating and set a $90.00 target price on shares of Dutch Bros in a research note on Monday. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and an average price target of $78.36.

Dutch Bros Trading Up 2.2 %

NYSE BROS opened at $62.73 on Thursday. The firm’s fifty day moving average price is $68.01 and its 200 day moving average price is $53.34. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 184.51, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 679,996 shares of the company’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This represents a 20.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros 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 $19,629,891.49. Following the transaction, the insider now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 9.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. 46.50% of the stock is currently owned by insiders.

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.