Bayforest Capital Ltd Trims Position in Dutch Bros Inc. $BROS

Bayforest Capital Ltd reduced its stake in Dutch Bros Inc. (NYSE:BROS) by 84.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,074 shares of the company’s stock after selling 11,367 shares during the period. Bayforest Capital Ltd’s holdings in Dutch Bros were worth $127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BROS. Integrated Wealth Concepts LLC purchased a new stake in Dutch Bros in the 1st quarter valued at about $318,000. Empowered Funds LLC raised its holdings in Dutch Bros by 15.9% in the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock valued at $2,089,000 after buying an additional 4,633 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Dutch Bros by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after buying an additional 22,323 shares during the period. California Public Employees Retirement System raised its holdings in Dutch Bros by 24.2% in the 2nd quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after buying an additional 38,697 shares during the period. Finally, State Street Corp raised its holdings in Dutch Bros by 6.6% in the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after buying an additional 121,683 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $53.61 on Wednesday. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $77.88. The company has a market cap of $8.82 billion, a PE ratio of 83.76, a P/E/G ratio of 1.99 and a beta of 2.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.49. The business has a 50-day simple moving average of $51.71 and a 200-day simple moving average of $55.71.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The business had revenue of $443.61 million during the quarter, compared to the consensus estimate of $424.44 million. During the same period in the previous year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 29.4% on a year-over-year basis. On average, equities research analysts forecast that Dutch Bros Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BROS has been the topic of a number of recent research reports. Evercore set a $73.00 price target on shares of Dutch Bros in a research note on Monday, January 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Dutch Bros in a research note on Friday, February 13th. The Goldman Sachs Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, March 2nd. Wolfe Research initiated coverage on shares of Dutch Bros in a research note on Monday, March 9th. They set an “outperform” rating and a $77.00 price target on the stock. Finally, UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $75.52.

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.