34,665 Shares in Dutch Bros Inc. (NYSE:BROS) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 34,665 shares of the company’s stock, valued at approximately $1,816,000.

Several other hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Dutch Bros during the fourth quarter valued at $25,000. Fortitude Family Office LLC bought a new stake in Dutch Bros during the 4th quarter valued at about $41,000. Hollencrest Capital Management raised its holdings in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Dutch Bros in the third quarter worth approximately $36,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $60,000. 85.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BROS shares. UBS Group upped their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus raised their target price on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price 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. Jefferies Financial Group raised their price target on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $75.75.

Dutch Bros Stock Performance

Shares of BROS opened at $79.19 on Friday. The business has a 50-day simple moving average of $63.62 and a two-hundred day simple moving average of $47.51. 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 stock has a market cap of $12.21 billion, a price-to-earnings ratio of 232.93, a PEG ratio of 4.23 and a beta of 2.73.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 679,996 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 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 transaction of $19,629,891.49. Following the sale, the insider now owns 2,640,779 shares in the company, valued at $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. In the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is owned by company insiders.

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.