Stratos Wealth Partners LTD. Reduces Stake in Dutch Bros Inc.

Stratos Wealth Partners LTD. has recently reported a reduction in its investment in Dutch Bros Inc. (NYSE:BROS) by 23.2% during the fourth quarter of the previous year. According to their latest submission to the Securities and Exchange Commission (SEC), the firm currently holds 8,219 shares after selling 2,482 shares in that time frame. As of the most recent SEC filing, Stratos Wealth Partners LTD.'s stake in Dutch Bros was valued at approximately $431,000.

Changes in Institutional Holdings

In addition to Stratos Wealth Partners, various other institutional investors and hedge funds have adjusted their positions in Dutch Bros recently. Baillie Gifford & Co., for example, established a new stake in Dutch Bros worth around $224.5 million during the third quarter. Wasatch Advisors LP notably increased its investment in the same period by a substantial 232.1%, now holding 4,128,281 shares valued at about $132.2 million after acquiring an extra 2,885,306 shares.

Similarly, Eagle Asset Management Inc. raised its stake by 58%, now owning 2,020,447 shares worth approximately $64.7 million after buying an additional 741,771 shares. Additionally, Wellington Management Group LLP expanded its holdings in Dutch Bros by 135.7%, with a total of 1,983,368 shares valued at $63.5 million after an additional purchase of 1,141,913 shares. Joho Capital LLC also increased its position by 40.7%, owning 1,919,514 shares worth about $61.5 million after adding 555,000 shares to its holdings. Overall, institutional investors and hedge funds own 85.54% of the company's stock.

Analysts Update Price Targets

Following the fluctuation in holdings, several research firms have updated their price targets for Dutch Bros Inc. Stifel Nicolaus increased its target from $53.00 to $62.00 while maintaining a “buy” rating. Bank of America raised its price target from $61.00 to $72.00, also giving the stock a “buy” rating. Meanwhile, Baird R W upgraded the company from a “hold” rating to a “strong-buy” rating, and Jefferies Financial Group lifted their target from $60.00 to $69.00, maintaining a “buy” recommendation.

Piper Sandler also adjusted their target, increasing it from $36.00 to $51.00, with a “neutral” rating. Currently, one analyst rates the stock as hold, while eleven analysts have assigned a buy rating, and one analyst has given a strong buy rating. According to the consensus from MarketBeat.com, the stock holds an average target price of $60.09.

Performance Overview

The stock of Dutch Bros Inc. opened at $63.96. Over the past year, the shares have seen a low of $26.32 and a high of $68.47. The company's market capitalization is approximately $9.86 billion, with a P/E ratio of 220.57 and a P/E/G ratio of 3.88, alongside a beta of 2.73. Its 50-day simple moving average stands at $57.54, while the 200-day moving average is at $44.11. The firm has a debt-to-equity ratio of 0.79 and a current ratio of 1.90, with a quick ratio of 1.68.

About Dutch Bros Inc.

Dutch Bros Inc. operates and franchises drive-thru coffee shops across the United States. The company functions through various segments, including Company-Operated Shops and Franchising and Other segments. The firm offers its products through its shops and online under multiple brands, including Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, and Blue Rebel.

Investing, Stocks, Institutional