Vanguard Group Inc. Trims Holdings in Dutch Bros Inc. $BROS

Vanguard Group Inc. lowered its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,241,352 shares of the company’s stock after selling 94,137 shares during the quarter. Vanguard Group Inc. owned approximately 6.83% of Dutch Bros worth $588,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Dutch Bros by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock worth $10,714,000 after acquiring an additional 49,194 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Dutch Bros by 4.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 42,616 shares of the company’s stock valued at $2,231,000 after purchasing an additional 1,686 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Dutch Bros by 47.1% during the third quarter. PNC Financial Services Group Inc. now owns 9,069 shares of the company’s stock worth $475,000 after purchasing an additional 2,904 shares during the last quarter. ING Groep NV grew its stake in Dutch Bros by 2.9% in the third quarter. ING Groep NV now owns 430,400 shares of the company’s stock worth $22,527,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Dutch Bros by 19.1% in the third quarter. Stratos Wealth Partners LTD. now owns 10,678 shares of the company’s stock valued at $559,000 after buying an additional 1,713 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

Shares of BROS opened at $49.33 on Wednesday. The firm has a fifty day moving average of $58.71 and a 200-day moving average of $58.86. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 77.08, a price-to-earnings-growth ratio of 1.70 and a beta of 2.54. 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 1 year low of $46.52 and a 1 year high of $80.62.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share 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 firm had revenue of $443.61 million for the quarter, compared to the consensus estimate of $424.44 million. During the same period last year, the firm posted $0.07 EPS. Dutch Bros’s quarterly revenue was up 29.4% compared to the same quarter last year. As a group, equities analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays lifted their target price on Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Mizuho lifted their price objective on shares of Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Evercore set a $73.00 target price on shares of Dutch Bros in a research note on Monday, January 5th. Zacks Research downgraded shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Finally, Sanford C. Bernstein reaffirmed an “overweight” rating and issued a $76.00 price target on shares of Dutch Bros in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.05.

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.