Kennedy Capital Management LLC Trims Stock Position in Dutch Bros Inc. (NYSE:BROS)

Kennedy Capital Management LLC trimmed its holdings in Dutch Bros Inc. (NYSE:BROS) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,598 shares of the company’s stock after selling 257 shares during the quarter. Kennedy Capital Management LLC’s holdings in Dutch Bros were worth $3,750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BROS. Vanguard Group Inc. lifted its stake in shares of Dutch Bros by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock valued at $533,465,000 after purchasing an additional 153,070 shares during the period. FMR LLC raised its position in shares of Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock worth $341,333,000 after acquiring an additional 3,227,435 shares during the period. FIL Ltd acquired a new position in shares of Dutch Bros in the fourth quarter worth about $176,298,000. Raymond James Financial Inc. purchased a new stake in shares of Dutch Bros during the 4th quarter worth about $94,478,000. Finally, Geode Capital Management LLC grew its position in shares of Dutch Bros by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company’s stock valued at $94,079,000 after acquiring an additional 22,214 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $57.61 on Friday. The business’s 50 day moving average price is $66.94 and its 200 day moving average price is $54.55. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 169.45, a PEG ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a one year low of $26.85 and a one year high of $86.88.

Analyst Ratings Changes

A number of equities analysts have issued reports on BROS shares. Bank of America increased their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Guggenheim boosted their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, March 31st. UBS Group increased their price objective on shares of Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Wedbush reissued an “outperform” rating and set a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. One research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $76.29.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. This represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. The trade was a 9.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock valued at $201,509,627 in the last three months. 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.