Raymond James Financial Inc. Has $78.04 Million Stake in Dutch Bros Inc. $BROS

Key Points

• Raymond James Financial Inc. sold 539,759 shares of Dutch Bros Inc., reducing its stake by 29.9%, now holding 1,263,930 shares valued at approximately $78 million.
• Major shareholders, including the chairman, have also sold significant portions of their stock, resulting in a 27.14% reduction in the chairman's ownership.
• Dutch Bros recently reported a quarterly earnings per share of $0.26, exceeding analysts' expectations of $0.18, and showcased a year-over-year revenue increase of 28%.

Raymond James Financial Inc. lessened its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 29.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,263,930 shares of the company's stock after selling 539,759 shares during the quarter. Raymond James Financial Inc. owned approximately 0.82% of Dutch Bros worth $78,035,000 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 increased its position in 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 buying an additional 447 shares during the last quarter. AdvisorNet Financial Inc acquired a new position in Dutch Bros during the first quarter worth approximately $31,000. Cullen Frost Bankers Inc. acquired a new position in Dutch Bros during the first quarter worth approximately $31,000. Gould Capital LLC increased its position in 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 buying an additional 140 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in Dutch Bros during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Price Performance

NYSE:BROS traded up $2.2050 during trading hours on Friday, reaching $65.3350. 4,738,619 shares of the company were exchanged, compared to its average volume of 3,949,006. The company has a market capitalization of $10.75 billion, a P/E ratio of 139.01, a P/E/G ratio of 3.68 and a beta of 2.63. Dutch Bros Inc. has a 1-year low of $30.30 and a 1-year high of $86.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The business has a 50 day moving average of $64.65 and a 200 day moving average of $65.83.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BROS shares. Melius Research raised Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. UBS Group decreased their target price on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Bank of America upped their target price on Dutch Bros from $80.00 to $84.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. CICC Research initiated coverage on Dutch Bros in a research report on Monday, June 30th. They issued an "outperform" rating and a $80.00 target price on the stock. Finally, Royal Bank Of Canada upped their target price on Dutch Bros from $83.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Two investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $79.76.

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.