Assenagon Asset Management S.A. Trims Stake in Dutch Bros Inc. $BROS

Assenagon Asset Management S.A. lowered its position in Dutch Bros Inc. (NYSE:BROS) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 321,910 shares of the company’s stock after selling 130,902 shares during the period. Assenagon Asset Management S.A. owned approximately 0.20% of Dutch Bros worth $19,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of BROS. Osterweis Capital Management Inc. bought a new position in shares of Dutch Bros during the second quarter valued at approximately $27,000. Rakuten Securities Inc. lifted its stake in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after acquiring an additional 379 shares during the last quarter. MAI Capital Management lifted its stake in shares of Dutch Bros by 139.0% during the 3rd quarter. MAI Capital Management now owns 834 shares of the company’s stock worth $44,000 after acquiring an additional 485 shares during the last quarter. Caitlin John LLC purchased a new position in Dutch Bros during the 3rd quarter valued at $44,000. Finally, GAMMA Investing LLC boosted its holdings in Dutch Bros by 31.5% during the 3rd quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock valued at $45,000 after acquiring an additional 205 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analysts Set New Price Targets

BROS has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Dutch Bros in a research note on Friday, February 13th. Sanford C. Bernstein restated an “overweight” rating and issued a $76.00 price target on shares of Dutch Bros in a report on Wednesday, January 7th. Wolfe Research began coverage on shares of Dutch Bros in a research note on Monday, March 9th. They issued an “outperform” rating and a $77.00 price target on the stock. Barclays lifted their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Finally, KeyCorp reissued an “overweight” rating on shares of Dutch Bros in a research report on Friday, January 9th. One equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $76.73.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $47.97 on Friday. 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’s fifty day moving average price is $53.72 and its 200-day moving average price is $56.42. The firm has a market cap of $7.89 billion, a P/E ratio of 74.95, a P/E/G ratio of 1.86 and a beta of 2.54. Dutch Bros Inc. has a 12 month low of $46.52 and a 12 month high of $77.88.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share 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 analyst estimates of $424.44 million. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The firm’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, equities research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal 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.