Stifel Financial Corp Sells 35,611 Shares of Dutch Bros Inc. (NYSE:BROS)

Stifel Financial Corp trimmed its stake in Dutch Bros Inc. (NYSE:BROS) by 17.4% during the 3rd quarter, Holdings Channel reports. The firm owned 168,793 shares of the company’s stock after selling 35,611 shares during the quarter. Stifel Financial Corp’s holdings in Dutch Bros were worth $5,406,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BROS. Arcadia Investment Management Corp MI bought a new position in shares of Dutch Bros in the 2nd quarter worth $27,000. Quest Partners LLC increased its stake in Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 764 shares during the last quarter. Jamison Private Wealth Management Inc. raised its position in 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 purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management lifted its stake in Dutch Bros by 52.3% during 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. Finally, Abound Wealth Management bought a new position in shares of Dutch Bros during the 2nd quarter valued at about $39,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares in the company, valued at $327,691.46. This trade represents a 92.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 18,223 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $34.13, for a total value of $621,950.99. Following the completion of the sale, the chairman now directly owns 263,954 shares in the company, valued at approximately $9,008,750.02. The trade was a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 578,921 shares of company stock valued at $19,662,648. Corporate insiders own 46.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BROS. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Piper Sandler lifted their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Stifel Nicolaus boosted their price target on shares of Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, UBS Group raised their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.40.

Dutch Bros Trading Down 0.9 %

BROS opened at $52.06 on Friday. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $56.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The business has a 50 day simple moving average of $43.24 and a two-hundred day simple moving average of $38.52. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 179.52, a PEG ratio of 3.89 and a beta of 2.72.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm’s revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. Analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current year.

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.