Ossiam Grows Holdings in Dutch Bros Inc. $BROS

Ossiam raised its stake in Dutch Bros Inc. (NYSE:BROS) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,367 shares of the company’s stock after buying an additional 15,149 shares during the period. Ossiam’s holdings in Dutch Bros were worth $10,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Osterweis Capital Management Inc. purchased a new position in Dutch Bros in the second quarter worth $27,000. Rakuten Securities Inc. boosted its holdings in shares of Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares in the last quarter. Caitlin John LLC bought a new position in shares of Dutch Bros during the 3rd quarter valued at about $44,000. MAI Capital Management increased its position in shares of Dutch Bros by 139.0% during the 3rd quarter. MAI Capital Management now owns 834 shares of the company’s stock valued at $44,000 after purchasing an additional 485 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Dutch Bros by 31.5% during the 3rd quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock valued at $45,000 after buying an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 1.8%

Shares of Dutch Bros stock opened at $47.28 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.49. Dutch Bros Inc. has a 52-week low of $46.52 and a 52-week high of $77.88. The company’s 50 day moving average price is $55.73 and its 200-day moving average price is $57.73. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 73.88, a P/E/G ratio of 1.72 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $443.61 million during the quarter, compared to analyst estimates of $424.44 million. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The firm’s revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 EPS. Equities research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on BROS. KeyCorp reiterated an “overweight” rating on shares of Dutch Bros in a research report on Friday, January 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Dutch Bros in a research note on Friday, February 13th. Mizuho increased their target price on shares of Dutch Bros from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. The Goldman Sachs Group upgraded shares of 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. Finally, Barclays upped their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.73.

Dutch Bros Company 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.