Jump Financial LLC Takes Position in Dutch Bros Inc. (NYSE:BROS)

Jump Financial LLC bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 128,500 shares of the company's stock, valued at approximately $4,070,000. Jump Financial LLC owned 0.07% of Dutch Bros at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Qsemble Capital Management LP purchased a new stake in shares of Dutch Bros during the fourth quarter valued at $280,000. Van Hulzen Asset Management LLC boosted its stake in shares of Dutch Bros by 19.1% during the fourth quarter. Van Hulzen Asset Management LLC now owns 11,890 shares of the company's stock valued at $377,000 after purchasing an additional 1,910 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Dutch Bros by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 296,939 shares of the company's stock worth $9,404,000 after acquiring an additional 14,158 shares during the period. Private Advisor Group LLC purchased a new stake in Dutch Bros in the fourth quarter worth about $220,000. Finally, TCG Advisory Services LLC purchased a new stake in Dutch Bros in the fourth quarter worth about $917,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays upped their price objective on shares of Dutch Bros from $30.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Piper Sandler raised shares of Dutch Bros from a "neutral" rating to an "overweight" rating and increased their price target for the company from $32.00 to $37.00 in a research report on Monday, March 4th. JPMorgan Chase & Co. increased their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, March 19th. Guggenheim reissued a "neutral" rating and set a $30.00 price target on shares of Dutch Bros in a research report on Friday, April 5th. Finally, Wedbush increased their price target on shares of Dutch Bros from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Dutch Bros has an average rating of "Moderate Buy" and a consensus price target of $36.67.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00. Following the transaction, the chairman now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, COO Brian Maxwell sold 1,474 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the sale, the chief operating officer now owns 1,039,646 shares of the company's stock, valued at approximately $36,387,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 404,950 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the sale, the chairman now directly owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,907,188 shares of company stock worth $561,438,392. 46.50% of the stock is owned by company insiders.

Dutch Bros Stock Up 9.8 %

Shares of BROS traded up $3.23 during mid-day trading on Friday, hitting $36.03. 5,745,522 shares of the company traded hands, compared to its average volume of 2,419,708. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year high of $36.25. The company has a quick ratio of 1.15, a current ratio of 2.29 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.38 billion, a PE ratio of 200.17, a price-to-earnings-growth ratio of 4.36 and a beta of 2.43. The business has a 50 day moving average of $31.48 and a 200 day moving average of $29.31.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The firm had revenue of $254.12 million for the quarter, compared to the consensus estimate of $254.80 million. Equities research analysts anticipate that Dutch Bros Inc. will post 0.27 EPS for the current 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.

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