Scratch Capital LLC Takes $1.26 Million Position in Dutch Bros Inc. (NYSE:BROS)

Scratch Capital LLC acquired a new stake in Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, Holdings Channel.com reports. The fund acquired 24,051 shares of the company’s stock, valued at approximately $1,260,000. Dutch Bros makes up 1.5% of Scratch Capital LLC’s portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Dutch Bros in the fourth quarter valued at approximately $53,000. Jones Financial Companies Lllp increased its stake in shares of Dutch Bros by 123.9% in the fourth quarter. Jones Financial Companies Lllp now owns 27,290 shares of the company’s stock valued at $1,429,000 after buying an additional 15,100 shares during the period. Bridges Investment Management Inc. acquired a new position in shares of Dutch Bros in the fourth quarter valued at approximately $200,000. Versor Investments LP increased its stake in shares of Dutch Bros by 128.7% in the fourth quarter. Versor Investments LP now owns 18,400 shares of the company’s stock valued at $964,000 after buying an additional 10,355 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Dutch Bros in the fourth quarter valued at approximately $1,362,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of BROS opened at $76.42 on Tuesday. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The business’s fifty day moving average is $64.12 and its 200 day moving average is $48.12. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The stock has a market cap of $11.78 billion, a P/E ratio of 224.77, a P/E/G ratio of 4.23 and a beta of 2.73.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 20.48 % 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 in the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Piper Sandler increased their target price on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Bank of America increased their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Wedbush increased their target price 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. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. Finally, TD Securities increased their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and an average target price of $75.75.

About Dutch Bros

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.