Dutch Bros Inc. $BROS Shares Acquired by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. boosted its holdings in Dutch Bros Inc. (NYSE:BROS) by 143.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,711 shares of the company’s stock after acquiring an additional 45,847 shares during the period. Thornburg Investment Management Inc.’s holdings in Dutch Bros were worth $4,067,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in Dutch Bros by 13.9% in the third quarter. US Bancorp DE now owns 17,606 shares of the company’s stock valued at $921,000 after purchasing an additional 2,148 shares during the period. MAI Capital Management grew its holdings 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 purchasing an additional 485 shares during the period. TD Asset Management Inc increased its position in shares of Dutch Bros by 1.7% during the 3rd quarter. TD Asset Management Inc now owns 38,890 shares of the company’s stock worth $2,036,000 after purchasing an additional 638 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Dutch Bros in the 3rd quarter valued at about $301,000. Finally, Baldwin Investment Management LLC purchased a new stake in Dutch Bros in the 3rd quarter valued at about $357,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BROS has been the subject of several research analyst reports. Mizuho increased their target price on shares of Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, January 21st. Citigroup dropped their target price on shares of Dutch Bros from $82.00 to $81.00 and set a “buy” rating for the company in a report on Friday, February 13th. TD Cowen restated a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a research note on Friday, February 13th. Finally, Evercore set a $73.00 price target on Dutch Bros in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.05.

Dutch Bros Trading Up 6.1%

NYSE BROS opened at $53.97 on Friday. Dutch Bros Inc. has a 52 week low of $46.52 and a 52 week high of $80.62. The firm has a 50 day moving average of $58.24 and a two-hundred day moving average of $58.77. 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 stock has a market capitalization of $8.88 billion, a PE ratio of 84.33, a price-to-earnings-growth ratio of 1.83 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $443.61 million for 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 company’s revenue was up 29.4% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. As a group, research analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Dutch Bros 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.