LPL Financial LLC Sells 3,931 Shares of Dutch Bros Inc. (NYSE:BROS)

LPL Financial LLC reduced its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,390 shares of the company’s stock after selling 3,931 shares during the quarter. LPL Financial LLC owned about 0.20% of Dutch Bros worth $16,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after acquiring an additional 181,636 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Dutch Bros by 46.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,957 shares of the company’s stock worth $895,000 after buying an additional 8,873 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Dutch Bros by 16.9% in the third quarter. MetLife Investment Management LLC now owns 3,878 shares of the company’s stock valued at $124,000 after buying an additional 562 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Dutch Bros by 54.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,493 shares of the company’s stock valued at $624,000 after acquiring an additional 6,866 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Dutch Bros by 38.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after acquiring an additional 58,623 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $90.00 price target on shares of Dutch Bros in a research report on Monday. UBS Group boosted their target price on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Bank of America increased their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Stifel Nicolaus upped their target price on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group increased their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and an average target price of $78.36.

Dutch Bros Stock Down 0.9 %

BROS stock opened at $61.19 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The stock has a market capitalization of $9.44 billion, a P/E ratio of 179.99, a P/E/G ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The business has a 50-day moving average of $67.96 and a 200-day moving average of $53.27.

Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 679,996 shares of the company’s 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 in the company, valued at approximately $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 46.50% of the company’s stock.

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.