Bryce Point Capital LLC Makes New $1.68 Million Investment in Dutch Bros Inc. (NYSE:BROS)

Bryce Point Capital LLC purchased a new position in Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 32,097 shares of the company’s stock, valued at approximately $1,681,000.

A number of other institutional investors also recently modified their holdings of BROS. R Squared Ltd acquired a new position in Dutch Bros in the fourth quarter valued at $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Dutch Bros in the 3rd quarter valued at about $36,000. Fortitude Family Office LLC bought a new stake in shares of Dutch Bros during the 4th quarter valued at about $41,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Dutch Bros during the 3rd quarter valued at about $50,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Dutch Bros during the fourth quarter worth approximately $53,000. 85.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on BROS. Jefferies Financial Group raised their price objective 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. UBS Group raised their price target on shares of Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Morgan Stanley started coverage on shares of Dutch Bros in a report on Monday, March 24th. They set an “overweight” rating and a $82.00 price objective on the stock. Bank of America raised their target price on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their price target on Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $78.36.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 approximately $175,415,408.94. This trade represents a 16.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the transaction, the insider now directly owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This represents a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock valued at $201,509,627 in the last three months. 46.50% of the stock is currently owned by insiders.

Dutch Bros Trading Down 0.9 %

Shares of Dutch Bros stock opened at $61.19 on Wednesday. The company has a market capitalization of $9.44 billion, a P/E ratio of 179.99, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. The stock has a fifty day simple moving average of $67.96 and a 200 day simple moving average of $53.27. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. 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 Company 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.