Jones Financial Companies Lllp Increases Holdings in Dutch Bros Inc. (NYSE:BROS)

Jones Financial Companies Lllp lifted its position in Dutch Bros Inc. (NYSE:BROS) by 123.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,290 shares of the company’s stock after purchasing an additional 15,100 shares during the quarter. Jones Financial Companies Lllp’s holdings in Dutch Bros were worth $1,429,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BROS. R Squared Ltd purchased a new position in shares of Dutch Bros in the fourth quarter worth about $25,000. Hollencrest Capital Management raised its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Dutch Bros in the third quarter worth about $36,000. Fortitude Family Office LLC purchased a new position in shares of Dutch Bros in the fourth quarter worth about $41,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Dutch Bros in the third quarter worth about $44,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Down 1.6 %

Shares of BROS 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. Dutch Bros Inc. has a 12 month low of $26.85 and a 12 month high of $86.88. The stock’s 50 day moving average is $65.43 and its two-hundred day moving average is $48.97. The firm has a market cap of $9.83 billion, a P/E ratio of 187.58, a PEG ratio of 4.23 and a beta of 2.65.

Wall Street Analysts Forecast Growth

BROS has been the subject of several research analyst reports. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. TD Securities lifted their price target on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their price target on Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Wedbush lifted their price target on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird lifted their price target on Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Dutch Bros has an average rating of “Buy” and a consensus price target of $75.75.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 679,996 shares of Dutch Bros stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the sale, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of Dutch Bros stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the sale, the insider now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,643,632 shares of company stock valued at $201,509,627. Company insiders own 46.50% of the company’s stock.

About Dutch Bros

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.