CIBC Private Wealth Group LLC Sells 200 Shares of Dutch Bros Inc. (NYSE:BROS)

CIBC Private Wealth Group LLC cut its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 8.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,100 shares of the company’s stock after selling 200 shares during the period. CIBC Private Wealth Group LLC’s holdings in Dutch Bros were worth $118,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BROS. Virtu Financial LLC bought a new stake in Dutch Bros during the 3rd quarter valued at approximately $573,000. Raymond James Financial Inc. purchased a new stake in Dutch Bros during the 4th quarter valued at approximately $94,478,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Dutch Bros by 38.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after buying an additional 58,623 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $288,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in shares of Dutch Bros in the fourth quarter worth $304,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BROS has been the subject of several research analyst reports. Robert W. Baird cut their target price on shares of Dutch Bros from $80.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday. Jefferies Financial Group raised their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. TD Securities reiterated a “buy” rating and issued a $89.00 target price on shares of Dutch Bros in a research report on Friday, March 28th. 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 report on Thursday, February 13th. Finally, Guggenheim upped their price objective on Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, March 31st. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $76.29.

Insider Transactions at Dutch Bros

In related news, 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 stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the sale, the insider now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. The trade was a 20.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is currently owned by insiders.

Dutch Bros Stock Up 3.0 %

NYSE BROS opened at $52.91 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 155.62, a PEG ratio of 4.23 and a beta of 2.71. The company has a fifty day moving average of $67.62 and a two-hundred day moving average of $53.88.

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.