Dutch Bros Inc. $BROS Stock Holdings Boosted by Hyperion Asset Management Ltd

Hyperion Asset Management Ltd boosted its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 104.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,222,532 shares of the company’s stock after acquiring an additional 624,488 shares during the period. Dutch Bros comprises about 1.3% of Hyperion Asset Management Ltd’s holdings, making the stock its 18th biggest holding. Hyperion Asset Management Ltd owned 0.70% of Dutch Bros worth $47,141,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of BROS. Ancora Advisors LLC acquired a new stake in Dutch Bros in the 2nd quarter worth about $29,000. Brown Lisle Cummings Inc. boosted its stake in shares of Dutch Bros by 63.8% in the first quarter. Brown Lisle Cummings Inc. now owns 819 shares of the company’s stock worth $41,000 after acquiring an additional 319 shares during the last quarter. GK Wealth Management LLC acquired a new stake in shares of Dutch Bros in the third quarter worth approximately $56,000. Archer Investment Corp purchased a new stake in shares of Dutch Bros during the second quarter worth approximately $101,000. Finally, Harbor Investment Advisory LLC increased its position in shares of Dutch Bros by 77.1% during the second quarter. Harbor Investment Advisory LLC now owns 2,030 shares of the company’s stock worth $146,000 after purchasing an additional 884 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BROS. Oppenheimer reissued a “positive” rating on shares of Dutch Bros in a research note on Wednesday, September 30th. Citigroup reaffirmed a “buy” rating on shares of Dutch Bros in a report on Thursday, August 6th. Melius Research reduced their target price on shares of Dutch Bros from $95.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, September 18th. Freedom Capital raised shares of Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. Finally, Telsey Advisory Group boosted their price target on shares of Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.62.

Dutch Bros Trading Up 2.2%

NYSE BROS traded up $0.93 on Tuesday, reaching $43.79. 1,895,630 shares of the company were exchanged, compared to its average volume of 4,288,101. The business’s fifty day moving average price is $43.86 and its 200 day moving average price is $54.18. The stock has a market capitalization of $7.65 billion, a P/E ratio of 60.79, a price-to-earnings-growth ratio of 1.46 and a beta of 2.31. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20. Dutch Bros Inc. has a fifty-two week low of $36.51 and a fifty-two week high of $74.02.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $550.85 million during the quarter, compared to analysts’ expectations of $525.38 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. Dutch Bros’s revenue was up 32.5% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. Analysts forecast that Dutch Bros Inc. will post 0.88 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Director Todd Penegor bought 2,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $51.56 per share, with a total value of $103,120.00. Following the completion of the purchase, the director directly owned 7,358 shares in the company, valued at $379,378.48. The trade was a 37.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 38.90% of the stock is currently owned by company insiders.

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.