Dm Individual Aggregator, Llc Sells 291,707 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction dated 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 transaction, the insider now directly owns 2,903,316 shares of the company’s stock, valued at $225,674,752.68. This represents a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total transaction of $19,629,891.49.

Dutch Bros Stock Down 3.0 %

Shares of NYSE BROS opened at $73.05 on Wednesday. Dutch Bros Inc. has a 1 year low of $26.85 and a 1 year high of $86.88. The firm’s 50-day moving average is $62.66 and its 200-day moving average is $47.11. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $11.26 billion, a PE ratio of 214.85, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BROS. JPMorgan Chase & Co. increased their price target on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Robert W. Baird raised their target price on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Bank of America lifted their price target on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. TD Cowen increased their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Wedbush boosted their target price on shares of Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve 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 a consensus rating of “Buy” and an average target price of $74.83.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. bought a new stake in shares of Dutch Bros during the 3rd quarter valued at $224,461,000. FIL Ltd acquired a new stake in shares of Dutch Bros during the fourth quarter worth $176,298,000. FMR LLC increased its holdings in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after purchasing an additional 3,227,435 shares during the last quarter. Wasatch Advisors LP lifted its stake in 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 buying an additional 2,885,306 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Dutch Bros during the fourth quarter worth about $94,478,000. 85.54% of the stock is owned by institutional investors.

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.