EFG Asset Management North America Corp. Has $2.80 Million Stake in Dutch Bros Inc. (NYSE:BROS)

EFG Asset Management North America Corp. increased its stake in Dutch Bros Inc. (NYSE:BROS) by 107.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,436 shares of the company’s stock after acquiring an additional 27,668 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Dutch Bros were worth $2,798,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Dutch Bros in the fourth quarter valued at $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at about $36,000. Fortitude Family Office LLC bought a new stake in Dutch Bros in the 4th quarter valued at about $41,000. Wilmington Savings Fund Society FSB acquired a new position in Dutch Bros during the 3rd quarter worth approximately $50,000. Finally, SBI Securities Co. Ltd. bought a new position in Dutch Bros in the fourth quarter worth approximately $53,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BROS shares. Wedbush boosted their price objective on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. UBS Group boosted their target price on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $76.23.

Dutch Bros Price Performance

Dutch Bros stock opened at $70.48 on Tuesday. The stock has a market cap of $10.87 billion, a P/E ratio of 207.30, a P/E/G ratio of 4.23 and a beta of 2.65. 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 company’s 50 day moving average price is $67.34 and its two-hundred day moving average price is $51.92. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 755,551 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the completion of the transaction, the chairman now 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. Over the last three months, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is owned by company insiders.

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.