Algert Global LLC Has $10.21 Million Stock Holdings in Dutch Bros Inc. $BROS

Algert Global LLC grew its stake in Dutch Bros Inc. (NYSE:BROS) by 65.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,063 shares of the company’s stock after acquiring an additional 76,850 shares during the period. Algert Global LLC owned 0.12% of Dutch Bros worth $10,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning raised its stake in shares of Dutch Bros by 14.2% during the 3rd quarter. Creative Planning now owns 16,991 shares of the company’s stock worth $889,000 after purchasing an additional 2,107 shares in the last quarter. Ashford Capital Management Inc. bought a new position in shares of Dutch Bros in the third quarter valued at $8,447,000. Lazard Asset Management LLC grew its stake in shares of Dutch Bros by 6.5% in the third quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock valued at $232,000 after buying an additional 270 shares in the last quarter. Virtu Financial LLC acquired a new position in Dutch Bros during the third quarter worth $791,000. Finally, Amundi increased its holdings in Dutch Bros by 90.4% during the third quarter. Amundi now owns 1,390,216 shares of the company’s stock worth $68,162,000 after buying an additional 660,036 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Down 1.8%

Dutch Bros stock opened at $47.28 on Monday. The stock has a market cap of $7.78 billion, a P/E ratio of 73.88, a P/E/G ratio of 1.69 and a beta of 2.54. The company has a quick ratio of 1.28, a current ratio of 1.49 and a debt-to-equity ratio of 0.22. Dutch Bros Inc. has a twelve month low of $46.52 and a twelve month high of $77.88. The company’s 50-day moving average price is $55.73 and its two-hundred day moving average price is $57.51.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $443.61 million during the quarter, compared to analysts’ expectations of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The business’s revenue was up 29.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 earnings per share. As a group, analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

BROS has been the topic of several recent analyst reports. Sanford C. Bernstein restated an “overweight” rating and set a $76.00 price objective on shares of Dutch Bros in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a report on Wednesday, January 21st. The Goldman Sachs Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, March 2nd. DA Davidson started coverage on Dutch Bros in a research report on Friday, March 6th. They issued a “buy” rating and a $67.00 price objective for the company. Finally, Morgan Stanley reissued an “overweight” rating and set a $85.00 target price on shares of Dutch Bros in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $76.73.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.