Dutch Bros Inc. (NYSE:BROS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its holdings in Dutch Bros Inc. (NYSE:BROS) by 28.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,116,315 shares of the company’s stock after selling 444,996 shares during the quarter. American Century Companies Inc.’s holdings in Dutch Bros were worth $58,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Dutch Bros in the third quarter worth approximately $573,000. Charles Schwab Investment Management Inc. boosted its stake 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. Raymond James Financial Inc. acquired a new position in shares of Dutch Bros in the 4th quarter worth $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Dutch Bros by 38.0% during 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 purchasing an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Dutch Bros during the fourth quarter valued at $288,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Price Performance

BROS opened at $69.81 on Wednesday. The stock has a fifty day moving average price of $67.55 and a 200 day moving average price of $52.19. 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 1 year low of $26.85 and a 1 year high of $86.88. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 205.33, a PEG ratio of 4.23 and a beta of 2.65.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Jefferies Financial Group lifted 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. Morgan Stanley initiated coverage on shares of Dutch Bros in a report on Monday. They set an “overweight” rating and a $82.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Bank of America boosted their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $76.23.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the transaction, the insider now owns 2,903,316 shares in the company, valued at $225,674,752.68. This represents a 9.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 679,996 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 $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 20.48 % decrease in their position. 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. Corporate insiders own 46.50% of the company’s stock.

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.