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

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the sale, the insider now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 9.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 Performance

BROS stock opened at $75.43 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The business’s fifty day simple moving average is $63.14 and its two-hundred day simple moving average is $47.31. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 221.87, a PEG ratio of 4.23 and a beta of 2.73.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BROS shares. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. 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 report 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. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, Stifel Nicolaus boosted their target price on Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, twelve have assigned 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 price target of $74.83.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors have recently made changes to their positions in the company. Gould Capital LLC increased its stake in shares of Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company’s stock valued at $43,000 after buying an additional 140 shares during the period. Amalgamated Bank increased its stake in shares of Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock valued at $328,000 after buying an additional 220 shares during the period. Arizona State Retirement System increased its stake in shares of Dutch Bros by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,033 shares of the company’s stock valued at $1,730,000 after buying an additional 260 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of Dutch Bros by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company’s stock valued at $2,517,000 after buying an additional 310 shares during the period. Finally, Hollencrest Capital Management increased its stake in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.