Sterling Capital Management LLC Increases Stake in Dutch Bros Inc. (NYSE:BROS)

Sterling Capital Management LLC grew its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 46.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,661 shares of the company’s stock after purchasing an additional 1,476 shares during the quarter. Sterling Capital Management LLC’s holdings in Dutch Bros were worth $244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BROS. Geode Capital Management LLC boosted its position in Dutch Bros by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company’s stock valued at $56,814,000 after buying an additional 397,754 shares during the period. Virtu Financial LLC purchased a new stake in shares of Dutch Bros during the third quarter worth about $573,000. Wilmington Savings Fund Society FSB purchased a new position in Dutch Bros during the 3rd quarter valued at about $50,000. Watts Gwilliam & Co. LLC purchased a new position in Dutch Bros during the 4th quarter valued at about $304,000. Finally, Fortitude Family Office LLC bought a new position in Dutch Bros during the 4th quarter valued at approximately $41,000. Institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the sale, the insider now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 in the last quarter. Corporate insiders own 42.40% of the company’s stock.

Dutch Bros Trading Up 0.9 %

NYSE BROS opened at $58.26 on Monday. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average price is $66.14 and its 200-day moving average price is $55.61. The stock has a market cap of $8.98 billion, a P/E ratio of 171.36, a P/E/G ratio of 4.23 and a beta of 2.71.

Analysts Set New Price Targets

Several research firms have recently issued reports on BROS. UBS Group boosted their target price on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Bank of America upped their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Jefferies Financial Group lifted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Piper Sandler increased their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Dutch Bros in a research report on Monday, March 31st. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $76.14.

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.