Dutch Bros Inc. (NYSE:BROS) Shares Bought by Jump Financial LLC

Jump Financial LLC boosted its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 264.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 151,937 shares of the company's stock after purchasing an additional 110,278 shares during the quarter. Jump Financial LLC owned about 0.10% of Dutch Bros worth $7,958,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of Dutch Bros during the 4th quarter valued at $686,000. Mariner LLC boosted its holdings in Dutch Bros by 14.4% in the fourth quarter. Mariner LLC now owns 24,920 shares of the company's stock valued at $1,305,000 after acquiring an additional 3,140 shares during the last quarter. Barclays PLC grew its position in Dutch Bros by 699.4% during the fourth quarter. Barclays PLC now owns 429,693 shares of the company's stock valued at $22,507,000 after acquiring an additional 375,943 shares during the period. Granite Investment Partners LLC increased its stake in Dutch Bros by 141.2% during the fourth quarter. Granite Investment Partners LLC now owns 695,430 shares of the company's stock worth $36,427,000 after acquiring an additional 407,168 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new stake in Dutch Bros during the fourth quarter worth about $200,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Stock Down 3.4 %

BROS stock traded down $2.00 during mid-day trading on Monday, hitting $56.27. 357,913 shares of the company were exchanged, compared to its average volume of 3,155,384. The firm has a fifty day simple moving average of $66.14 and a 200 day simple moving average of $55.61. The company has a market capitalization of $8.68 billion, a PE ratio of 165.50, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a twelve month low of $26.85 and a twelve month high of $86.88. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 471,718 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the transaction, the chairman now owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This trade represents a 16.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $22,674,385.11. Following the completion of the transaction, the insider now 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. Over the last three months, insiders sold 2,643,632 shares of company stock worth $201,509,627. Corporate insiders own 42.40% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Wedbush reissued an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research report on Monday, March 31st. Jefferies Financial Group raised their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Bank of America upped their price target on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Stifel Nicolaus raised their price objective on Dutch Bros from $74.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $76.14.

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.