Capital Fund Management S.A. Has $8.83 Million Position in Dutch Bros Inc. $BROS

Capital Fund Management S.A. increased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 145.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,630 shares of the company’s stock after acquiring an additional 99,828 shares during the period. Capital Fund Management S.A.’s holdings in Dutch Bros were worth $8,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Osterweis Capital Management Inc. acquired a new position in Dutch Bros during the second quarter valued at approximately $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 valued at $31,000 after purchasing an additional 379 shares in the last quarter. Caitlin John LLC acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at $44,000. MAI Capital Management increased its stake in shares of Dutch Bros by 139.0% in 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 increased its stake in shares of Dutch Bros by 31.5% in the 3rd quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock valued at $45,000 after purchasing an additional 205 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Trading Down 6.7%

Shares of BROS stock opened at $48.16 on Friday. Dutch Bros Inc. has a twelve month low of $46.52 and a twelve month high of $77.88. The stock’s fifty day simple moving average is $56.03 and its 200 day simple moving average is $57.88. The company has a quick ratio of 1.28, a current ratio of 1.49 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $7.92 billion, a P/E ratio of 75.24, a P/E/G ratio of 1.85 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last posted its earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The firm had revenue of $443.61 million during the quarter, compared to the consensus estimate of $424.44 million. During the same period last year, the company earned $0.07 earnings per share. The business’s quarterly revenue was up 29.4% on a year-over-year basis. As a group, sell-side analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BROS. Citigroup dropped their price objective on Dutch Bros from $82.00 to $81.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Zacks Research cut Dutch Bros from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Mizuho increased their target price 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. UBS Group restated a “buy” rating on shares of Dutch Bros in a research note on Monday, February 9th. Finally, Sanford C. Bernstein reaffirmed an “overweight” rating and set a $76.00 price target on shares of Dutch Bros in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.73.

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.