Ieq Capital LLC Invests $347,000 in Dutch Bros Inc. (NYSE:BROS)

Ieq Capital LLC purchased a new position in Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,616 shares of the company’s stock, valued at approximately $347,000.

A number of other institutional investors also recently modified their holdings of the company. Virtu Financial LLC bought a new position in Dutch Bros during the third quarter valued at about $573,000. Baillie Gifford & Co. purchased a new stake in Dutch Bros during the third quarter valued at about $224,461,000. Charles Schwab Investment Management Inc. boosted its stake 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 worth $22,021,000 after buying an additional 181,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Dutch Bros by 38.0% in 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 worth $6,817,000 after purchasing an additional 58,623 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in Dutch Bros in the 4th quarter worth $288,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 2,903,316 shares of the company’s stock, valued at approximately $225,674,752.68. The trade was a 9.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Travis Boersma sold 679,996 shares of the company’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 completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock valued at $201,509,627 over the last ninety days. 46.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BROS. Stifel Nicolaus upped their price objective on shares of Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Robert W. Baird boosted their price target on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Finally, TD Securities raised their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $74.83.

Dutch Bros Stock Performance

BROS stock opened at $76.42 on Friday. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88. 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 company has a market capitalization of $11.78 billion, a P/E ratio of 224.76, a PEG ratio of 4.23 and a beta of 2.73. The business has a 50-day moving average price of $63.14 and a 200 day moving average price of $47.31.

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.