RPG Investment Advisory LLC Has $1.76 Million Holdings in Dutch Bros Inc. $BROS

RPG Investment Advisory LLC lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 89.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,770 shares of the company’s stock after acquiring an additional 13,620 shares during the quarter. RPG Investment Advisory LLC’s holdings in Dutch Bros were worth $1,761,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BROS. Integrated Wealth Concepts LLC acquired a new stake in Dutch Bros in the 1st quarter worth approximately $318,000. Empowered Funds LLC raised its position in shares of Dutch Bros by 15.9% in the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock valued at $2,089,000 after purchasing an additional 4,633 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Dutch Bros by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after purchasing an additional 22,323 shares during the period. Prudential Financial Inc. lifted its stake in shares of Dutch Bros by 6.3% in the second quarter. Prudential Financial Inc. now owns 19,930 shares of the company’s stock worth $1,363,000 after buying an additional 1,185 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Dutch Bros by 1,042.6% in the second quarter. Hsbc Holdings PLC now owns 67,765 shares of the company’s stock worth $4,657,000 after buying an additional 61,834 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BROS shares. DA Davidson started coverage on shares of Dutch Bros in a research note on Friday, March 6th. They issued a “buy” rating and a $67.00 target price on the stock. Evercore set a $73.00 target price on shares of Dutch Bros in a research report on Monday, January 5th. KeyCorp restated an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. Sanford C. Bernstein reaffirmed an “overweight” rating and issued a $76.00 price target on shares of Dutch Bros in a research report on Wednesday, January 7th. Finally, Wolfe Research began coverage on Dutch Bros in a research note on Monday, March 9th. They issued an “outperform” rating and a $77.00 price objective on the stock. One 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 company’s stock. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus target price of $75.95.

Dutch Bros Trading Down 0.1%

Shares of Dutch Bros stock opened at $50.32 on Friday. The company’s fifty day simple moving average is $52.28 and its 200-day simple moving average is $55.76. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 78.62, a PEG ratio of 1.83 and a beta of 2.50. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88.

Dutch Bros (NYSE:BROS) last released its earnings results 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 analysts’ expectations of $424.44 million. During the same period in the prior year, the company earned $0.07 EPS. The business’s quarterly revenue was up 29.4% compared to the same quarter last year. As a group, sell-side analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current 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.