Anderson Hoagland & Co. Buys New Position in Dutch Bros Inc. $BROS

Anderson Hoagland & Co. bought a new stake in shares of Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 55,065 shares of the company’s stock, valued at approximately $3,371,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ninety One UK Ltd purchased a new position in Dutch Bros in the third quarter worth $135,336,000. Marshall Wace LLP raised its position in Dutch Bros by 139.2% during the second quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock valued at $171,593,000 after purchasing an additional 1,460,376 shares in the last quarter. Norges Bank bought a new stake in Dutch Bros during the second quarter worth about $93,525,000. Balyasny Asset Management L.P. lifted its stake in Dutch Bros by 196.0% during the third quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock worth $95,112,000 after purchasing an additional 1,203,338 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Dutch Bros by 70.9% in the 2nd quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock worth $159,517,000 after purchasing an additional 967,861 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

BROS has been the topic of several recent research reports. Evercore set a $73.00 price objective on Dutch Bros in a research report on Monday, January 5th. Zacks Research lowered Dutch Bros from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. DA Davidson initiated coverage on shares of Dutch Bros in a research report on Friday, March 6th. They set a “buy” rating and a $67.00 price target on the stock. Sanford C. Bernstein reissued an “overweight” rating and set a $76.00 price target on shares of Dutch Bros in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.73.

Dutch Bros Trading Down 0.5%

NYSE:BROS opened at $50.94 on Friday. The company has a 50-day moving average price of $54.80 and a 200-day moving average price of $57.11. Dutch Bros Inc. has a 12 month low of $46.52 and a 12 month high of $77.88. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 79.59, a P/E/G ratio of 1.83 and a beta of 2.54.

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

Dutch Bros Company Profile

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.