Baird Financial Group Inc. Buys 2,497 Shares of Dutch Bros Inc. (NYSE:BROS)

Baird Financial Group Inc. boosted its stake in shares of Dutch Bros Inc. (NYSE:BROSGet Rating) by 17.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 16,974 shares of the company’s stock after purchasing an additional 2,497 shares during the period. Baird Financial Group Inc.’s holdings in Dutch Bros were worth $537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Asset Management Inc. lifted its holdings in Dutch Bros by 12.0% during the 1st quarter. National Asset Management Inc. now owns 5,855 shares of the company’s stock valued at $324,000 after buying an additional 625 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new stake in shares of Dutch Bros in the 1st quarter valued at about $261,000. Truist Financial Corp bought a new stake in shares of Dutch Bros in the 1st quarter valued at about $383,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Dutch Bros by 8.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 13,900 shares of the company’s stock valued at $440,000 after purchasing an additional 1,100 shares in the last quarter. Finally, RB Capital Management LLC bought a new stake in shares of Dutch Bros in the 1st quarter valued at about $213,000.

Analyst Ratings Changes

BROS has been the subject of several recent research reports. Piper Sandler reduced their price target on shares of Dutch Bros from $40.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, November 10th. JPMorgan Chase & Co. upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and set a $38.00 price target for the company in a report on Wednesday, October 12th. Robert W. Baird boosted their price target on shares of Dutch Bros from $30.00 to $46.00 in a report on Thursday, August 11th. Jefferies Financial Group cut their price objective on shares of Dutch Bros from $55.00 to $45.00 in a research report on Thursday, November 10th. Finally, Cowen cut their price objective on shares of Dutch Bros from $53.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday, November 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Insiders Place Their Bets

In other Dutch Bros news, COO Brian Maxwell sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $40.00, for a total transaction of $240,000.00. Following the sale, the chief operating officer now owns 1,153,620 shares of the company’s stock, valued at approximately $46,144,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 49.30% of the stock is owned by insiders.

Dutch Bros Stock Up 2.0 %

NYSE:BROS opened at $34.11 on Monday. The company has a market cap of $1.55 billion, a PE ratio of -227.38 and a beta of 2.58. Dutch Bros Inc. has a twelve month low of $20.05 and a twelve month high of $66.00. The company has a current ratio of 0.49, a quick ratio of 0.32 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $33.66 and its two-hundred day moving average is $35.73.

Dutch Bros Profile

(Get Rating)

Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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