Jefferies Financial Group Inc. Has $4.05 Million Position in Dutch Bros Inc. (NYSE:BROS)

Key Points

• Jefferies Financial Group Inc. increased its holdings in Dutch Bros Inc. by 32.8% in the first quarter, owning a total of 65,563 shares valued at over $4 million.
• Brokerages maintain a positive outlook on Dutch Bros, with the average target price set at $76.06 and numerous analysts rating the stock as a buy or outperform.
• The company reported earnings of $0.14 per share for the last quarter, surpassing estimates and showing a revenue increase of 28.7% year-over-year.

Jefferies Financial Group Inc. increased its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 32.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,563 shares of the company's stock after buying an additional 16,211 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Dutch Bros were worth $4,048,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC grew its stake in shares of Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros during the first quarter worth $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros during the first quarter worth $31,000. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros during the fourth quarter worth $43,000. Finally, Gould Capital LLC grew its stake in shares of Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after purchasing an additional 140 shares during the period. Institutional investors own 85.54% of the company's stock.

Wall Street Analyst Weigh In

BROS has been the subject of a number of analyst reports. TD Securities reaffirmed a "buy" rating and set a $78.00 price objective on shares of Dutch Bros in a research note on Thursday, May 8th. Stifel Nicolaus decreased their target price on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. CICC Research started coverage on Dutch Bros in a research note on Monday, June 30th. They issued an "outperform" rating and a $80.00 target price for the company. Robert W. Baird boosted their target price on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Barclays boosted their target price on Dutch Bros from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $76.06.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the sale, the insider owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 722,841 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the sale, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 27.14% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is currently owned by insiders.

Dutch Bros Stock Performance

NYSE BROS traded down $0.65 during trading on Tuesday, reaching $57.83. 319,705 shares of the company's stock were exchanged, compared to its average volume of 3,052,479. The business has a 50 day moving average price of $66.57 and a 200-day moving average price of $65.58. The stock has a market capitalization of $9.51 billion, a P/E ratio of 148.78, a PEG ratio of 3.14 and a beta of 2.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The business's revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. Sell-side analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share 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.