Lisanti Capital Growth LLC Acquires Shares of 65,840 Dutch Bros Inc. $BROS

Lisanti Capital Growth LLC bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 65,840 shares of the company’s stock, valued at approximately $4,031,000.

A number of other large investors also recently bought and sold shares of BROS. Integrated Wealth Concepts LLC bought a new position in Dutch Bros during the 1st quarter worth approximately $318,000. Empowered Funds LLC lifted its holdings in Dutch Bros by 15.9% during the 1st quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after buying an additional 4,633 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Dutch Bros by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after buying an additional 22,323 shares during the last quarter. California Public Employees Retirement System grew its stake in Dutch Bros by 24.2% during the 2nd quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock worth $13,598,000 after buying an additional 38,697 shares during the last quarter. Finally, State Street Corp increased its position in Dutch Bros by 6.6% in the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock worth $135,266,000 after buying an additional 121,683 shares during the period. Institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling at Dutch Bros

In related news, Director Todd Allan Penegor purchased 2,000 shares of Dutch Bros stock in a transaction on Friday, May 15th. The stock was bought at an average price of $51.17 per share, with a total value of $102,340.00. Following the completion of the transaction, the director directly owned 5,358 shares of the company’s stock, valued at approximately $274,168.86. This represents a 59.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 38.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BROS shares. Morgan Stanley reaffirmed an “overweight” rating and set a $87.00 target price on shares of Dutch Bros in a research note on Thursday, May 7th. TD Cowen reiterated a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a report on Wednesday. Piper Sandler lifted their price target on Dutch Bros from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Oppenheimer began coverage on Dutch Bros in a research report on Friday, May 1st. They set an “outperform” rating and a $72.00 price objective for the company. Finally, DA Davidson reissued a “buy” rating and set a $75.00 price objective on shares of Dutch Bros in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average price target of $76.00.

Dutch Bros Price Performance

BROS opened at $52.05 on Friday. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88. The stock has a fifty day moving average price of $52.54 and a 200 day moving average price of $55.66. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 81.33, a PEG ratio of 1.70 and a beta of 2.40. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.70 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. Analysts forecast that Dutch Bros Inc. will post 0.83 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.