Envestnet Asset Management Inc. Increases Stock Position in Dutch Bros Inc. (NYSE:BROS)

Envestnet Asset Management Inc. boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,116 shares of the company’s stock after buying an additional 7,203 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of Dutch Bros worth $6,606,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BROS. Raymond James Financial Inc. purchased a new position in shares of Dutch Bros in the 4th quarter worth approximately $94,478,000. Concurrent Investment Advisors LLC boosted its stake in Dutch Bros by 317.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,028,605 shares of the company’s stock valued at $53,878,000 after acquiring an additional 782,164 shares in the last quarter. Geode Capital Management LLC grew its holdings in Dutch Bros by 28.9% in the third quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company’s stock worth $56,814,000 after purchasing an additional 397,754 shares during the last quarter. Norges Bank acquired a new position in shares of Dutch Bros during the fourth quarter worth $17,266,000. Finally, Amundi lifted its holdings in shares of Dutch Bros by 21,821.0% during the 4th quarter. Amundi now owns 226,005 shares of the company’s stock valued at $12,701,000 after purchasing an additional 224,974 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Robert W. Baird reduced their target price on Dutch Bros from $80.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Stifel Nicolaus upped their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Piper Sandler lifted their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, UBS Group raised their target price on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $76.14.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $58.26 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 171.36, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The stock’s 50-day moving average is $66.14 and its two-hundred day moving average is $55.61. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 471,718 shares of the 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 $35,808,113.38. Following the transaction, the chairman now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 16.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. Insiders own 42.40% 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.