Dm Individual Aggregator, Llc Sells 262,537 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value 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. This represents a 9.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 value of $22,674,385.11.

Dutch Bros Stock Up 3.1 %

NYSE BROS opened at $75.43 on Thursday. The stock’s 50 day moving average is $63.14 and its 200 day 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. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The stock has a market cap of $11.63 billion, a PE ratio of 221.87, a P/E/G ratio of 4.23 and a beta of 2.73.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Securities boosted their price objective on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Stifel Nicolaus boosted their price objective on Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wedbush boosted their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, UBS Group boosted their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $74.83.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in shares of Dutch Bros during the 3rd quarter worth approximately $573,000. Baillie Gifford & Co. purchased a new stake in shares of Dutch Bros during the 3rd quarter worth approximately $224,461,000. Charles Schwab Investment Management Inc. raised its holdings 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 worth $22,021,000 after acquiring an additional 181,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Dutch Bros by 38.0% during the 3rd 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 acquiring an additional 58,623 shares in the last quarter. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Dutch Bros during the 4th quarter worth approximately $288,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.