Jefferies Financial Group Inc. Takes Position in Dutch Bros Inc. (NYSE:BROS)

Jefferies Financial Group Inc. bought a new stake in Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 49,352 shares of the company’s stock, valued at approximately $2,585,000.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Dutch Bros in the 4th quarter valued at $25,000. Coppell Advisory Solutions LLC boosted its stake in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in Dutch Bros during the 4th quarter valued at about $43,000. SBI Securities Co. Ltd. acquired a new position in Dutch Bros during the 4th quarter valued at about $53,000. Finally, Arcadia Investment Management Corp MI acquired a new position in Dutch Bros during the 4th quarter valued at about $60,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 679,996 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 20.48% decrease in their position. The sale 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 firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $19,629,891.49. Following the transaction, the insider now directly owns 2,640,779 shares of the company’s stock, 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. In the last ninety days, insiders sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BROS has been the topic of several analyst reports. Wells Fargo & Company started coverage on Dutch Bros in a research report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 target price on the stock. Morgan Stanley set a $80.00 target price on Dutch Bros and gave the stock an “overweight” rating in a research note on Monday, April 14th. Robert W. Baird boosted their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. TD Securities reaffirmed a “buy” rating and set a $78.00 price objective on shares of Dutch Bros in a report on Thursday, May 8th. Finally, Bank of America increased their target price on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $75.21.

Dutch Bros Trading Up 0.5%

Shares of BROS stock opened at $70.21 on Wednesday. The firm has a market cap of $10.83 billion, a P/E ratio of 206.51, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a 12-month low of $26.96 and a 12-month high of $86.88. The business has a 50-day moving average price of $61.11 and a two-hundred day moving average price of $58.79.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The business’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. Equities analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

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.