Avantax Advisory Services Inc. Purchases 3,134 Shares of Dutch Bros Inc. (NYSE:BROS)

Avantax Advisory Services Inc. boosted its position in Dutch Bros Inc. (NYSE:BROS) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,767 shares of the company’s stock after purchasing an additional 3,134 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Dutch Bros were worth $2,188,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Dutch Bros in the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd acquired a new position in Dutch Bros in the 3rd quarter valued at $36,000. Fortitude Family Office LLC acquired a new position in Dutch Bros in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB acquired a new position in Dutch Bros in the 3rd quarter valued at $50,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Dutch Bros in the 4th quarter valued at $53,000. 85.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BROS shares. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Piper Sandler increased their price target on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Stifel Nicolaus increased their price target on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Robert W. Baird increased their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $75.75.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 679,996 shares of Dutch Bros 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 $50,843,300.92. Following the sale, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the sale, the insider now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 9.13 % 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 worth $201,509,627 over the last three months. 46.50% of the stock is currently owned by corporate insiders.

Dutch Bros Trading Up 4.7 %

Shares of BROS stock opened at $62.40 on Monday. The business’s 50 day moving average is $66.29 and its two-hundred day moving average is $50.47. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The company has a market capitalization of $9.62 billion, a P/E ratio of 183.53, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Dutch Bros Profile

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.