Swiss National Bank Increases Stock Holdings in Dutch Bros Inc. (NYSE:BROS)

Swiss National Bank lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 223,800 shares of the company’s stock after buying an additional 1,500 shares during the period. Swiss National Bank owned about 0.15% of Dutch Bros worth $11,723,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Avantax Advisory Services Inc. boosted its position in shares of Dutch Bros by 8.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 41,767 shares of the company’s stock valued at $2,188,000 after buying an additional 3,134 shares during the last quarter. Prosperity Wealth Management Inc. boosted its position in Dutch Bros by 4.8% in the fourth quarter. Prosperity Wealth Management Inc. now owns 9,585 shares of the company’s stock worth $502,000 after purchasing an additional 435 shares during the last quarter. Independent Advisor Alliance boosted its position in Dutch Bros by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 18,535 shares of the company’s stock worth $971,000 after purchasing an additional 462 shares during the last quarter. Taika Capital LP purchased a new position in Dutch Bros in the fourth quarter worth $746,000. Finally, Amundi boosted its position in Dutch Bros by 21,821.0% in the fourth quarter. Amundi now owns 226,005 shares of the company’s stock worth $12,701,000 after purchasing an additional 224,974 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 679,996 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was 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 approximately $197,451,045.83. This represents a 20.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the completion of the transaction, the insider now owns 2,640,779 shares of the company’s stock, 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. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 in the last ninety days. 46.50% of the stock is currently owned by insiders.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $65.71 on Friday. The firm has a market capitalization of $10.13 billion, a P/E ratio of 193.27, a P/E/G ratio of 4.23 and a beta of 2.65. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The stock’s 50-day simple moving average is $66.88 and its two-hundred day simple moving average is $51.12. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88.

Analysts Set New Price Targets

Several brokerages have issued reports on BROS. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Piper Sandler boosted their target price on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Robert W. Baird boosted their target price on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Stifel Nicolaus boosted their price objective on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $75.75.

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.