Picton Mahoney Asset Management Takes $764,000 Position in Dutch Bros Inc. $BROS

Picton Mahoney Asset Management purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,611 shares of the company’s stock, valued at approximately $764,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Osterweis Capital Management Inc. acquired a new stake in Dutch Bros during the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. grew its holdings in 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 increased its position in Dutch Bros by 139.0% in the 3rd quarter. MAI Capital Management now owns 834 shares of the company’s stock valued at $44,000 after acquiring an additional 485 shares during the period. Caitlin John LLC acquired a new position in Dutch Bros in the 3rd quarter valued at approximately $44,000. Finally, GAMMA Investing LLC raised its stake 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 acquiring an additional 205 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Trading Down 5.6%

NYSE:BROS opened at $51.44 on Friday. Dutch Bros Inc. has a 52 week low of $46.52 and a 52 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 fifty day moving average is $56.92 and its 200-day moving average is $58.20. The firm has a market cap of $8.46 billion, a P/E ratio of 80.38, a P/E/G ratio of 1.84 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last announced its earnings results 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 business had revenue of $443.61 million during the quarter, compared to the consensus estimate of $424.44 million. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. Dutch Bros’s quarterly revenue was up 29.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. Equities analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BROS shares. Mizuho lifted their price target on shares of Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. DA Davidson assumed coverage on Dutch Bros in a research report on Friday. They set a “buy” rating and a $67.00 target price for the company. The Goldman Sachs Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.71.

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.