Blair William & Co. IL Sells 33,844 Shares of Dutch Bros Inc. $BROS

Blair William & Co. IL reduced its position in shares of Dutch Bros Inc. (NYSE:BROS) by 14.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,760 shares of the company’s stock after selling 33,844 shares during the period. Blair William & Co. IL’s holdings in Dutch Bros were worth $10,194,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ninety One UK Ltd acquired a new stake in Dutch Bros in the third quarter valued at about $135,336,000. Marshall Wace LLP boosted its stake in shares of Dutch Bros by 139.2% in the 2nd quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock valued at $171,593,000 after purchasing an additional 1,460,376 shares in the last quarter. Norges Bank bought a new stake in shares of Dutch Bros during the 2nd quarter valued at approximately $93,525,000. Invesco Ltd. increased its position in Dutch Bros by 70.9% during the 2nd quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock worth $159,517,000 after purchasing an additional 967,861 shares in the last quarter. Finally, Mane Global Capital Management LP bought a new position in Dutch Bros in the 2nd quarter valued at approximately $35,936,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Trading Up 2.0%

NYSE:BROS opened at $52.34 on Tuesday. 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 $56.68 and its 200-day moving average is $58.09. The firm has a market cap of $8.61 billion, a P/E ratio of 81.78, 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 research firms have weighed in on BROS. Citigroup decreased their target price on shares of Dutch Bros from $82.00 to $81.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Sanford C. Bernstein restated an “overweight” rating and set a $76.00 price objective on shares of Dutch Bros in a research report on Wednesday, January 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Dutch Bros in a report on Friday, February 13th. Evercore set a $73.00 price target on Dutch Bros in a research note on Monday, January 5th. Finally, DA Davidson assumed coverage on Dutch Bros in a report on Friday. They set a “buy” rating and a $67.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.