SBI Securities Co. Ltd. Invests $53,000 in Dutch Bros Inc. (NYSE:BROS)

SBI Securities Co. Ltd. acquired a new stake in Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, Holdings Channel.com reports. The firm acquired 1,003 shares of the company’s stock, valued at approximately $53,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in Dutch Bros during the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC bought a new stake in shares of Dutch Bros during the 4th quarter worth $41,000. Point72 Hong Kong Ltd acquired a new position in Dutch Bros in the 3rd quarter valued at $36,000. Arcadia Investment Management Corp MI acquired a new position in Dutch Bros in the 4th quarter valued at $60,000. Finally, Harbor Investment Advisory LLC bought a new position in Dutch Bros in the 4th quarter worth $60,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BROS has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price target on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Wedbush increased their target price 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 raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. TD Securities increased their price objective on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus raised their price objective on shares of Dutch Bros from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros has an average rating of “Buy” and an average target price of $75.75.

Dutch Bros Trading Down 9.1 %

Shares of Dutch Bros stock opened at $58.07 on Tuesday. The company’s fifty day moving average price is $65.64 and its two-hundred day moving average price is $49.44. The firm has a market capitalization of $8.96 billion, a PE ratio of 170.81, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the sale, the chairman now owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This trade represents a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock valued at $201,509,627 over the last quarter. 46.50% of the stock is owned by company insiders.

About Dutch Bros

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.