Dutch Bros Inc. (NYSE:BROS) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in Dutch Bros Inc. (NYSE:BROS) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,425,100 shares of the company’s stock after buying an additional 225,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.92% of Dutch Bros worth $74,647,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BROS. R Squared Ltd bought a new position in shares of Dutch Bros in the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC acquired a new stake in Dutch Bros during the fourth quarter worth $41,000. SBI Securities Co. Ltd. acquired a new stake in Dutch Bros during the fourth quarter worth $53,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros in the 4th quarter valued at $60,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Dutch Bros in the 4th quarter valued at $60,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 679,996 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 transaction 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. The trade was a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 46.50% of the company’s stock.

Dutch Bros Stock Up 15.2 %

Shares of NYSE BROS opened at $60.61 on Thursday. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 178.26, a PEG ratio of 4.23 and a beta of 2.71. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88. The business’s 50 day moving average is $67.21 and its two-hundred day moving average is $54.22.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company started coverage on shares of Dutch Bros in a research report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 price target on the stock. Jefferies Financial Group increased their target price on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Stifel Nicolaus increased their target price on Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price target on shares of Dutch Bros in a research report on Monday, March 31st. Finally, UBS Group upped their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $76.29.

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.