Allspring Global Investments Holdings LLC Purchases 26,246 Shares of Dutch Bros Inc. $BROS

Allspring Global Investments Holdings LLC raised its position in Dutch Bros Inc. (NYSE:BROSFree Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 832,406 shares of the company’s stock after acquiring an additional 26,246 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.51% of Dutch Bros worth $51,742,000 as of its most recent filing with the SEC.

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

Key Headlines Impacting Dutch Bros

Here are the key news stories impacting Dutch Bros this week:

Dutch Bros Stock Down 0.2%

Dutch Bros stock opened at $50.58 on Thursday. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $77.88. 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 firm’s 50-day simple moving average is $52.70 and its 200 day simple moving average is $55.91. The stock has a market cap of $8.32 billion, a PE ratio of 79.03, a price-to-earnings-growth ratio of 1.84 and a beta of 2.49.

Dutch Bros (NYSE:BROSGet Free Report) last posted 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. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The firm had revenue of $443.61 million during the quarter, compared to analyst estimates of $424.44 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. Research analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Dutch Bros in a report on Friday, February 13th. Barclays lifted their price target on Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Citigroup lowered their price objective on Dutch Bros from $82.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, February 13th. TD Cowen restated a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a report on Friday, February 13th. Finally, UBS Group reaffirmed a “buy” rating on shares of Dutch Bros in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.95.

Get Our Latest Research Report on Dutch Bros

About Dutch Bros

(Free Report)

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.

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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