Versor Investments LP Has $964,000 Stake in Dutch Bros Inc. (NYSE:BROS)

Versor Investments LP raised its position in Dutch Bros Inc. (NYSE:BROS) by 128.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,400 shares of the company’s stock after purchasing an additional 10,355 shares during the period. Versor Investments LP’s holdings in Dutch Bros were worth $964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at about $224,461,000. Wasatch Advisors LP increased its position in shares of Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Dutch Bros by 58.0% in the third quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after acquiring an additional 741,771 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Dutch Bros by 135.7% in the third quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after acquiring an additional 1,141,913 shares during the last quarter. Finally, Joho Capital LLC increased its position in shares of Dutch Bros by 40.7% in the third quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock valued at $61,482,000 after acquiring an additional 555,000 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Trading Up 1.3 %

Shares of NYSE:BROS opened at $76.42 on Friday. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The stock has a market cap of $11.78 billion, a PE ratio of 224.76, a P/E/G ratio of 4.23 and a beta of 2.73. The business has a 50 day moving average of $63.14 and a 200-day moving average of $47.31. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BROS shares. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Barclays raised Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. TD Securities lifted their target price on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Bank of America lifted their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Robert W. Baird lifted 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. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $74.83.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’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 value of $13,824,956.93. Following the completion of the sale, the insider now directly owns 2,310,834 shares in the company, valued at approximately $175,415,408.94. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 over the last quarter. Company insiders own 46.50% of the company’s stock.

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.