JPMorgan Chase & Co. Buys 49,194 Shares of Dutch Bros Inc. $BROS

JPMorgan Chase & Co. lifted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 31.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,705 shares of the company’s stock after purchasing an additional 49,194 shares during the period. JPMorgan Chase & Co. owned approximately 0.12% of Dutch Bros worth $10,714,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. KLP Kapitalforvaltning AS raised its position in Dutch Bros by 0.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock worth $1,319,000 after purchasing an additional 200 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Dutch Bros by 1.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock valued at $975,000 after buying an additional 200 shares during the last quarter. Moody Lynn & Lieberson LLC increased its stake in shares of Dutch Bros by 3.9% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company’s stock valued at $282,000 after buying an additional 204 shares during the period. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 205 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in shares of Dutch Bros by 4.8% during the third quarter. Verdence Capital Advisors LLC now owns 4,732 shares of the company’s stock worth $248,000 after acquiring an additional 217 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

BROS has been the topic of several recent research reports. Citigroup decreased 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. Sanford C. Bernstein reissued an “overweight” rating and set a $76.00 price objective on shares of Dutch Bros in a report on Wednesday, January 7th. Wolfe Research began coverage on shares of Dutch Bros in a research report on Monday, March 9th. They set an “outperform” rating and a $77.00 target price on the stock. Barclays raised their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Finally, DA Davidson initiated coverage on shares of Dutch Bros in a research report on Friday, March 6th. They set a “buy” rating and a $67.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.73.

Dutch Bros Trading Down 2.7%

BROS opened at $46.72 on Friday. The firm’s fifty day moving average is $53.41 and its two-hundred day moving average is $56.23. 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 has a market cap of $7.69 billion, a PE ratio of 73.00, a price-to-earnings-growth ratio of 1.69 and a beta of 2.54. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $77.88.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (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 company had revenue of $443.61 million during the quarter, compared to analyst estimates of $424.44 million. During the same quarter in the previous year, the business earned $0.07 EPS. The firm’s revenue was up 29.4% on a year-over-year basis. Equities research analysts anticipate 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.