Stifel Financial Corp Has $5.41 Million Stake in Dutch Bros Inc. (NYSE:BROS)

Stifel Financial Corp lessened its position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 17.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 168,793 shares of the company's stock after selling 35,611 shares during the period. Stifel Financial Corp owned about 0.11% of Dutch Bros worth $5,406,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Raymond James & Associates raised its position in shares of Dutch Bros by 14.6% during the 2nd quarter. Raymond James & Associates now owns 54,232 shares of the company's stock worth $2,245,000 after purchasing an additional 6,894 shares during the period. Legacy Capital Group California Inc. acquired a new stake in Dutch Bros in the 2nd quarter valued at approximately $996,000. Clear Creek Financial Management LLC acquired a new stake in Dutch Bros in the 2nd quarter valued at approximately $232,000. Calamos Advisors LLC acquired a new position in shares of Dutch Bros during the 2nd quarter valued at $837,000. Finally, Bank of New York Mellon Corp increased its position in shares of Dutch Bros by 8,247.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company's stock valued at $44,766,000 after purchasing an additional 1,068,352 shares during the period. Institutional investors own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BROS shares. UBS Group raised their target price on Dutch Bros from $44.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Wedbush raised their target price on Dutch Bros from $45.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. TD Cowen raised their target price on Dutch Bros from $47.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Barclays lifted their price objective on Dutch Bros from $31.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus lifted their target price on Dutch Bros from $42.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.40.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the transaction, the insider now directly owns 9,817 shares of the company's stock, valued at approximately $327,691.46. This trade represents a 92.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 38,339 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the transaction, the chairman now owns 15,610 shares of the company's stock, valued at approximately $522,622.80. This represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 578,921 shares of company stock valued at $19,662,648 in the last three months. 46.50% of the stock is currently owned by company insiders.

Dutch Bros Trading Down 0.9 %

Shares of Dutch Bros stock traded down $0.47 on Friday, hitting $52.06. 1,888,195 shares of the company's stock traded hands, compared to its average volume of 2,793,737. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $56.10. The firm's 50-day moving average price is $43.24 and its two-hundred day moving average price is $38.52. The stock has a market capitalization of $8.03 billion, a PE ratio of 179.52, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping 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 analyst estimates of $324.97 million. During the same period in the prior year, the business earned $0.08 EPS. The company's revenue for the quarter was up 27.9% compared to the same quarter last year. On average, research analysts expect that Dutch Bros Inc. will post 0.39 EPS for the current fiscal year.

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.