Asset Management One Co. Ltd. Buys 467 Shares of Dutch Bros Inc. (NYSE:BROS)

Asset Management One Co. Ltd. grew its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 33.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,852 shares of the company’s stock after acquiring an additional 467 shares during the period. Asset Management One Co. Ltd.’s holdings in Dutch Bros were worth $99,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Dutch Bros during the fourth quarter valued at $25,000. Fortitude Family Office LLC bought a new stake in Dutch Bros in the 4th quarter worth about $41,000. Hollencrest Capital Management increased its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Dutch Bros in the 3rd quarter worth about $36,000. Finally, Harbor Investment Advisory LLC bought a new stake in Dutch Bros in the 4th quarter worth about $60,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Stock Down 7.2 %

BROS stock opened at $76.09 on Friday. Dutch Bros Inc. has a twelve month low of $26.38 and a twelve month high of $86.88. 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 stock has a market cap of $11.73 billion, a P/E ratio of 223.79, a PEG ratio of 4.70 and a beta of 2.73. The business’s 50-day moving average price is $61.83 and its 200-day moving average price is $46.37.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BROS shares. Wedbush lifted their price objective on Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Bank of America lifted their price objective on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Piper Sandler lifted their price objective on Dutch Bros from $51.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, TD Cowen raised their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $74.83.

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.