Jump Financial LLC Has $13.82 Million Stock Position in Dutch Bros Inc. $BROS

Key Points

• Jump Financial LLC increased its stake in Dutch Bros Inc. by 47.3%, now owning 223,771 shares valued at approximately $13.82 million.
• Dutch Bros reported a 28% increase in quarterly revenue, totaling $415.81 million, and an EPS of $0.26, surpassing analysts' expectations.
• Over 85% of Dutch Bros' stock is held by institutional investors, suggesting strong support from major financial entities.

Jump Financial LLC lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 47.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 223,771 shares of the company's stock after purchasing an additional 71,834 shares during the quarter. Jump Financial LLC owned 0.15% of Dutch Bros worth $13,816,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BROS. Mariner LLC boosted its stake in Dutch Bros by 14.4% in the fourth quarter. Mariner LLC now owns 24,920 shares of the company's stock valued at $1,305,000 after buying an additional 3,140 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Dutch Bros by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 731,667 shares of the company's stock valued at $38,325,000 after buying an additional 117,878 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Dutch Bros by 254.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,444 shares of the company's stock valued at $9,557,000 after buying an additional 130,931 shares in the last quarter. Coppell Advisory Solutions LLC raised its position in Dutch Bros by 638.6% in the fourth 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. Finally, Lord Abbett & CO. LLC bought a new position in Dutch Bros in the fourth quarter valued at about $25,706,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Trading Up 3.5%

Shares of BROS stock opened at $65.3350 on Friday. The company has a market cap of $10.75 billion, a P/E ratio of 139.01, a PEG ratio of 3.68 and a beta of 2.63. The stock has a 50 day simple moving average of $64.65 and a two-hundred day simple moving average of $65.83. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. Dutch Bros Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm had revenue of $415.81 million during the quarter, compared to analysts' expectations of $403.24 million. During the same quarter last year, the firm posted $0.19 earnings per share. The company's revenue for the quarter was up 28.0% compared to the same quarter last year. Research analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on BROS shares. TD Securities reiterated a "buy" rating and issued a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. Barclays raised their price objective on Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Melius Research upgraded Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Morgan Stanley restated an "overweight" rating and set a $84.00 price objective (up from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group initiated coverage on Dutch Bros in a research report on Thursday, June 26th. They set a "neutral" rating and a $75.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $79.76.

About Dutch Bros

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.

Want to see what other hedge funds are holding BROS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dutch Bros Inc. (NYSE:BROS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.