Jefferies Financial Group Inc. Buys New Shares in Dutch Bros Inc. (NYSE:BROS)

Jefferies Financial Group Inc. bought a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 49,352 shares of the company's stock, valued at approximately $2,585,000.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Dutch Bros in the 4th quarter worth approximately $94,478,000. Clear Creek Financial Management LLC acquired a new position in Dutch Bros in the 4th quarter valued at $288,000. Ferguson Wellman Capital Management Inc. acquired a new position in Dutch Bros in the 4th quarter valued at $304,000. Allspring Global Investments Holdings LLC raised its stake in Dutch Bros by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock valued at $49,785,000 after purchasing an additional 17,402 shares during the last quarter. Finally, Scratch Capital LLC acquired a new stake in shares of Dutch Bros in the 4th quarter worth $1,260,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 704,995 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total value of $48,108,858.80. Following the completion of the transaction, the chairman now directly owns 2,218,611 shares of the company's stock, valued at $151,398,014.64. The trade was a 24.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the transaction, the insider now directly owns 2,373,933 shares of the company's stock, valued at approximately $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,465,214 shares of company stock worth $237,721,138 over the last three months. 42.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BROS shares. Royal Bank of Canada started coverage on Dutch Bros in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 target price for the company. Piper Sandler cut their target price on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. UBS Group lowered their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Stifel Nicolaus lowered their price target on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Guggenheim increased their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Dutch Bros has an average rating of "Buy" and an average target price of $75.73.

Dutch Bros Stock Performance

Shares of BROS stock traded up $2.70 during midday trading on Friday, hitting $72.43. The company had a trading volume of 2,975,976 shares, compared to its average volume of 3,179,050. The company's 50 day simple moving average is $62.69 and its 200 day simple moving average is $61.66. Dutch Bros Inc. has a 52-week low of $26.96 and a 52-week high of $86.88. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 213.04, a PEG ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results 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. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. During the same period last year, the business posted $0.09 EPS. The company's revenue was up 28.7% on a year-over-year basis. Research analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

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.