Dutch Bros Inc. $BROS Stake Lifted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its stake in Dutch Bros Inc. (NYSE:BROS) by 106.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 42,107 shares of the company’s stock after purchasing an additional 21,665 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Dutch Bros were worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of BROS. Integrated Wealth Concepts LLC acquired a new stake in shares of Dutch Bros in the 1st quarter worth about $318,000. Empowered Funds LLC boosted its stake in Dutch Bros by 15.9% during the 1st 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 grew its position in Dutch Bros by 7.9% in 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 purchasing an additional 22,323 shares during the last quarter. Amalgamated Bank grew its position in Dutch Bros by 33.6% in the 2nd quarter. Amalgamated Bank now owns 8,524 shares of the company’s stock worth $583,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Sigma Planning Corp increased its stake in shares of Dutch Bros by 19.0% in the second quarter. Sigma Planning Corp now owns 6,641 shares of the company’s stock valued at $454,000 after purchasing an additional 1,061 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Trading Down 5.6%

Dutch Bros stock opened at $51.44 on Friday. Dutch Bros Inc. has a 12-month low of $46.52 and a 12-month high of $77.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.49 and a quick ratio of 1.28. The stock has a market capitalization of $8.46 billion, a PE ratio of 80.38, a price-to-earnings-growth ratio of 1.84 and a beta of 2.54. The firm has a 50 day simple moving average of $56.92 and a 200-day simple moving average of $58.20.

Dutch Bros (NYSE:BROS) last announced its earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. The firm had revenue of $443.61 million for 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%.The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share. As a group, equities research analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BROS shares. 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. The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, March 2nd. KeyCorp reaffirmed an “overweight” rating on shares of Dutch Bros in a research note on Friday, January 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Dutch Bros in a research note on Friday, February 13th. Finally, TD Cowen reissued a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average target price of $76.71.

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.