Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Sells 19,872 Shares of Dutch Bros Inc. $BROS

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna trimmed its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 52.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,790 shares of the company’s stock after selling 19,872 shares during the quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Dutch Bros were worth $931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Osterweis Capital Management Inc. bought a new stake in shares of Dutch Bros during the 2nd quarter worth about $27,000. Rakuten Securities Inc. raised its stake in shares of Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares in the last quarter. MAI Capital Management lifted its holdings in Dutch Bros by 139.0% in 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 last quarter. Caitlin John LLC acquired a new stake in Dutch Bros in the 3rd quarter worth approximately $44,000. Finally, GAMMA Investing LLC boosted its position in Dutch Bros by 31.5% during the third quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock worth $45,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $47.28 on Friday. 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 business’s 50 day moving average is $55.73 and its two-hundred day moving average is $57.73. The company has a market cap of $7.78 billion, a P/E ratio of 73.88, a P/E/G ratio of 1.72 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 posted its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The company had revenue of $443.61 million during the quarter, compared to analysts’ expectations of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.Dutch Bros’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 business earned $0.07 earnings per share. On average, equities analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BROS. Citigroup lowered their price target on Dutch Bros from $82.00 to $81.00 and set a “buy” rating on the stock in a report on Friday, February 13th. KeyCorp restated an “overweight” rating on shares of Dutch Bros in a research note on Friday, January 9th. The Goldman Sachs Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, March 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Dutch Bros in a report on Friday, February 13th. Finally, Evercore set a $73.00 target price on shares of Dutch Bros in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $76.73.

About Dutch Bros

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.