SG Americas Securities LLC Takes Position in Dutch Bros Inc. (NYSE:BROS)

SG Americas Securities LLC acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 51,188 shares of the company's stock, valued at approximately $2,681,000.

A number of other large investors have also added to or reduced their stakes in BROS. Jamison Private Wealth Management Inc. increased its holdings in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after acquiring an additional 500 shares in the last quarter. Hollencrest Capital Management increased its stake in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock valued at $29,000 after purchasing an additional 314 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Dutch Bros in the third quarter worth about $36,000. nVerses Capital LLC bought a new position in shares of Dutch Bros in the third quarter worth approximately $38,000. Finally, Fortitude Family Office LLC bought a new position in shares of Dutch Bros in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BROS. Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird upgraded Dutch Bros from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $60.00 to $70.00 in a research note on Monday, January 6th. William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, Jefferies Financial Group upped 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. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $58.00.

Dutch Bros Stock Performance

NYSE BROS traded down $0.78 during trading hours on Friday, hitting $60.13. 1,531,773 shares of the company's stock traded hands, compared to its average volume of 2,052,785. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $61.33. The firm has a market capitalization of $9.27 billion, a P/E ratio of 207.34, a P/E/G ratio of 3.34 and a beta of 2.71. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The business's fifty day moving average price is $54.79 and its two-hundred day moving average price is $42.06.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm had revenue of $338.20 million during the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The company's revenue for the quarter was up 27.9% compared to the same quarter last year. Equities research analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current year.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 80,720 shares of Dutch Bros stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the transaction, the chairman now owns 125,671 shares in the company, valued at approximately $4,527,926.13. The trade was a 39.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares of the company's stock, valued at $4,527,926.13. The trade was a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock valued at $19,040,697 over the last quarter. 46.50% of the stock is currently owned by company insiders.

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.