Jefferies Financial Group Inc. acquired a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,352 shares of the company's stock, valued at approximately $2,585,000.
Several other large investors also recently bought and sold shares of BROS. Radnor Capital Management LLC acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $243,000. My Legacy Advisors LLC acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $233,000. Harbor Investment Advisory LLC acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $60,000. SG Americas Securities LLC acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $2,681,000. Finally, Janney Montgomery Scott LLC grew its position in Dutch Bros by 68.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 36,688 shares of the company's stock valued at $1,922,000 after acquiring an additional 14,970 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.
Insider Transactions at Dutch Bros
In other news, Chairman Travis Boersma sold 755,551 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the sale, the chairman now owns 2,903,316 shares of the company's stock, valued at $225,674,752.68. This trade represents a 20.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction on Friday, February 21st. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11. Following the sale, the insider now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. The trade was a 9.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock valued at $201,509,627 over the last quarter. Company insiders own 42.40% of the company's stock.
Dutch Bros Price Performance
Shares of NYSE BROS traded up $2.23 during mid-day trading on Friday, reaching $73.86. The company had a trading volume of 5,241,466 shares, compared to its average volume of 3,148,010. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market cap of $11.39 billion, a PE ratio of 217.23, a P/E/G ratio of 4.23 and a beta of 2.71. The company has a 50-day moving average price of $61.81 and a two-hundred day moving average price of $59.39. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88.
Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company's quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.
Analysts Set New Price Targets
BROS has been the subject of a number of analyst reports. TD Securities reissued a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a report on Thursday, May 8th. Morgan Stanley set a $80.00 price target on Dutch Bros and gave the company an "overweight" rating in a report on Monday, April 14th. Guggenheim increased their price target on Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. Stifel Nicolaus reduced 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, Piper Sandler reduced their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $75.73.
Check Out Our Latest Stock Analysis on BROS
Dutch Bros Company Profile
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Free Report)
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.
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