Harbor Capital Advisors Inc. Takes Position in Dutch Bros Inc. $BROS

Harbor Capital Advisors Inc. acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 13,141 shares of the company’s stock, valued at approximately $804,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in Dutch Bros by 3.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 832,406 shares of the company’s stock valued at $51,742,000 after buying an additional 26,246 shares in the last quarter. Trust Point Inc. purchased a new stake in shares of Dutch Bros in the fourth quarter worth about $240,000. Synergy Asset Management LLC purchased a new stake in shares of Dutch Bros in the fourth quarter worth about $13,656,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Dutch Bros in the fourth quarter valued at approximately $343,000. Finally, Wedmont Private Capital bought a new position in shares of Dutch Bros in the fourth quarter valued at approximately $215,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 target price on shares of Dutch Bros in a report on Friday, February 13th. BNP Paribas Exane assumed coverage on shares of Dutch Bros in a report on Monday, March 30th. They issued an “outperform” rating and a $73.00 price target for the company. KeyCorp restated an “overweight” rating on shares of Dutch Bros in a research report on Friday, January 9th. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research report on Monday, February 9th. Finally, DA Davidson began coverage on Dutch Bros in a research note on Friday, March 6th. They set a “buy” rating and a $67.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.95.

Dutch Bros Trading Down 0.1%

Shares of BROS stock opened at $50.32 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.49 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $52.28 and a two-hundred day moving average price of $55.75. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $77.88. The firm has a market cap of $8.28 billion, a P/E ratio of 78.62, a price-to-earnings-growth ratio of 1.83 and a beta of 2.50.

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

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.