Jones Financial Companies Lllp Acquires 16,031 Shares of Dutch Bros Inc. $BROS

Jones Financial Companies Lllp boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 34.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,954 shares of the company’s stock after buying an additional 16,031 shares during the quarter. Jones Financial Companies Lllp’s holdings in Dutch Bros were worth $3,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BROS. Allied Investment Advisors LLC acquired a new position in shares of Dutch Bros during the 3rd quarter valued at about $223,000. Arizona State Retirement System boosted its position in Dutch Bros by 2.8% during the third quarter. Arizona State Retirement System now owns 35,680 shares of the company’s stock worth $1,867,000 after purchasing an additional 977 shares during the period. New York State Common Retirement Fund boosted its position in Dutch Bros by 0.7% during the third quarter. New York State Common Retirement Fund now owns 91,805 shares of the company’s stock worth $4,805,000 after purchasing an additional 600 shares during the period. EFG Asset Management North America Corp. grew its holdings in Dutch Bros by 1.2% during the third quarter. EFG Asset Management North America Corp. now owns 46,616 shares of the company’s stock valued at $2,440,000 after purchasing an additional 536 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. raised its position in shares of Dutch Bros by 29.9% in the third quarter. Savoir Faire Capital Management L.P. now owns 112,783 shares of the company’s stock valued at $5,903,000 after purchasing an additional 25,935 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Trading Up 8.9%

Dutch Bros stock opened at $57.07 on Friday. The business has a 50 day moving average price of $60.63 and a two-hundred day moving average price of $59.56. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. Dutch Bros Inc. has a 12 month low of $47.16 and a 12 month high of $86.88. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 114.14, a price-to-earnings-growth ratio of 2.40 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $423.58 million for the quarter, compared to analysts’ expectations of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.Dutch Bros’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. As a group, equities analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

BROS has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Dutch Bros in a report on Tuesday, December 16th. Morgan Stanley decreased their price target on shares of Dutch Bros from $84.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Wells Fargo & Company dropped their price objective on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Piper Sandler decreased their target price on Dutch Bros from $73.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Barclays raised their target price on Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.19.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $35,930,054.16. Following the sale, the insider owned 9,817 shares of the company’s stock, valued at $544,254.48. The trade was a 98.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 1,678,616 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the completion of the transaction, the chairman directly owned 9,817 shares of the company’s stock, valued at $544,254.48. This trade represents a 99.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,465,214 shares of company stock worth $189,800,291 in the last quarter. Corporate insiders own 42.40% of the company’s stock.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.