Dutch Bros Inc. (NYSE:BROS) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 558.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,139 shares of the company's stock after purchasing an additional 90,867 shares during the period. Schonfeld Strategic Advisors LLC owned 0.07% of Dutch Bros worth $5,612,000 at the end of the most recent reporting period.

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Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Dutch Bros by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock worth $533,465,000 after purchasing an additional 153,070 shares during the period. FMR LLC boosted its stake in Dutch Bros by 98.1% during the 4th 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 in the last quarter. FIL Ltd bought a new stake in shares of Dutch Bros in the 4th quarter worth $176,298,000. Raymond James Financial Inc. acquired a new stake in shares of Dutch Bros in the fourth quarter valued at $94,478,000. Finally, Geode Capital Management LLC boosted its stake in 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 buying an additional 22,214 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23. Following the transaction, the chairman now directly owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. This represents a 20.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $19,629,891.49. Following the transaction, the insider now owns 2,640,779 shares in the company, valued at approximately $197,451,045.83. This trade represents a 9.04 % 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. Insiders own 42.40% of the company's stock.

Analyst Upgrades and Downgrades

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A number of equities analysts recently issued reports on BROS shares. Robert W. Baird decreased their target price on Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Bank of America upped their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Jefferies Financial Group lifted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Guggenheim upped their price target on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros currently has an average rating of "Buy" and a consensus target price of $76.57.

Get Our Latest Stock Analysis on Dutch Bros

Dutch Bros Stock Up 2.0 %

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BROS stock opened at $61.13 on Friday. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 179.80, a P/E/G ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The business has a 50 day moving average price of $62.46 and a two-hundred day moving average price of $57.23. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

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.

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