Dutch Bros Inc. (NYSE:BROS) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 123.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,290 shares of the company’s stock after buying an additional 15,100 shares during the period. Jones Financial Companies Lllp’s holdings in Dutch Bros were worth $1,429,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its stake in Dutch Bros by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,268 shares of the company’s stock worth $328,000 after buying an additional 220 shares during the last quarter. Hollencrest Capital Management boosted its stake in Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Dutch Bros by 33.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,852 shares of the company’s stock worth $99,000 after buying an additional 467 shares during the last quarter. R Squared Ltd acquired a new position in Dutch Bros during the fourth quarter worth $25,000. Finally, Independent Advisor Alliance boosted its stake in Dutch Bros by 2.9% during the third quarter. Independent Advisor Alliance now owns 18,073 shares of the company’s stock worth $579,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

BROS stock opened at $63.77 on Friday. 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 company has a market capitalization of $9.83 billion, a PE ratio of 187.58, a P/E/G ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The business’s fifty day moving average price is $65.43 and its 200 day moving average price is $48.97.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 262,537 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49. Following the sale, the insider now owns 2,640,779 shares in the company, valued at $197,451,045.83. This represents a 9.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 755,551 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 2,903,316 shares in the company, valued at approximately $225,674,752.68. This trade represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 46.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus lifted their target price on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 28th. TD Securities lifted their target price on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Piper Sandler lifted their target price on Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group lifted their target price on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Buy” and a consensus price target of $75.75.

Dutch Bros 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.