Dutch Bros Inc. (NYSE:BROS) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its stake in Dutch Bros Inc. (NYSE:BROS) by 60.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,129 shares of the company’s stock after selling 53,695 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Dutch Bros were worth $1,840,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in Dutch Bros in the 4th quarter valued at $25,000. Fortitude Family Office LLC acquired a new position in Dutch Bros during the fourth quarter worth about $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dutch Bros during the 3rd quarter worth approximately $50,000. SBI Securities Co. Ltd. acquired a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $53,000. Finally, Quarry LP lifted its position in Dutch Bros by 68.0% during the third quarter. Quarry LP now owns 1,740 shares of the company’s stock worth $56,000 after buying an additional 704 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the completion of the sale, the insider now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 9.04 % 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 679,996 shares of Dutch Bros stock in a transaction on 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 completion of the transaction, the chairman now owns 2,640,779 shares in the company, valued at approximately $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. 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.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BROS. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $70.00 in a research note on Tuesday, January 7th. Bank of America upped their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. Jefferies Financial Group increased their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley assumed coverage on Dutch Bros in a research note on Monday, March 24th. They set an “overweight” rating and a $82.00 price target on the stock. Finally, Wells Fargo & Company assumed coverage on Dutch Bros in a research report on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $78.36.

Dutch Bros Trading Down 9.8 %

NYSE BROS opened at $51.31 on Friday. The firm’s fifty day moving average price is $67.75 and its 200 day moving average price is $53.48. 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 $7.91 billion, a price-to-earnings ratio of 150.93, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

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.