Savoir Faire Capital Management L.P. Sells 85,888 Shares of Dutch Bros Inc. (NYSE:BROS)

Savoir Faire Capital Management L.P. lessened its stake in Dutch Bros Inc. (NYSE:BROS) by 62.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,741 shares of the company’s stock after selling 85,888 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Dutch Bros were worth $2,763,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BROS. Vanguard Group Inc. increased its stake in Dutch Bros by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock valued at $533,465,000 after acquiring an additional 153,070 shares during the period. Wellington Management Group LLP raised its holdings in shares of Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after buying an additional 1,141,913 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Dutch Bros during the fourth quarter worth $94,478,000. Geode Capital Management LLC lifted its holdings in shares of Dutch Bros by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,795,485 shares of the company’s stock valued at $94,079,000 after acquiring an additional 22,214 shares during the period. Finally, State Street Corp boosted its stake in shares of Dutch Bros by 34.8% in the 3rd quarter. State Street Corp now owns 1,734,646 shares of the company’s stock valued at $55,561,000 after purchasing an additional 447,456 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BROS shares. Bank of America increased their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $70.00 in a research note on Tuesday, January 7th. Guggenheim lifted their price target on Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a report on Monday. Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, TD Securities reaffirmed a “buy” rating and issued a $89.00 target price on shares of Dutch Bros in a research note on Friday, March 28th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $78.36.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the transaction, the insider now owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. This trade represents a 7.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 471,718 shares of the company’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 transaction of $35,808,113.38. Following the completion of the sale, the chairman now directly owns 2,310,834 shares of the company’s stock, valued at $175,415,408.94. The trade was a 16.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock valued at $201,509,627 over the last three months. Company insiders own 46.50% of the company’s stock.

Dutch Bros Price Performance

BROS opened at $57.00 on Friday. The company has a fifty day moving average price of $67.93 and a two-hundred day moving average price of $53.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The firm has a market capitalization of $8.79 billion, a PE ratio of 167.65, a P/E/G ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88.

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.