Dutch Bros Inc. (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 182,123 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the company’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 value of $13,824,956.93. Following the transaction, the insider now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. The trade was a 7.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total value of $19,629,891.49.
• On Friday, February 21st, Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11.

Dutch Bros Stock Performance

Shares of BROS opened at $76.42 on Friday. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The business’s fifty day simple moving average is $63.14 and its two-hundred day simple moving average is $47.31. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 224.76, a P/E/G ratio of 4.23 and a beta of 2.73.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BROS shares. Piper Sandler boosted their price target 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. UBS Group lifted their price target on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Robert W. Baird increased their price objective on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, TD Cowen lifted their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $74.83.

Institutional Investors Weigh In On Dutch Bros

Several large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Dutch Bros during the 3rd quarter valued at about $573,000. Baillie Gifford & Co. bought a new stake in shares of Dutch Bros in the third quarter worth $224,461,000. Charles Schwab Investment Management Inc. increased its position in shares of Dutch Bros by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after purchasing an additional 181,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Dutch Bros by 38.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after buying an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC purchased a new position in shares of Dutch Bros in the fourth quarter worth approximately $288,000. 85.54% of the stock is currently owned by institutional investors.

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.