Dutch Bros Inc. $BROS Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in Dutch Bros Inc. (NYSE:BROS) by 69.2% during the 3rd quarter, Holdings Channel reports. The fund owned 1,405,007 shares of the company’s stock after buying an additional 574,818 shares during the quarter. BNP Paribas Financial Markets’ holdings in Dutch Bros were worth $73,538,000 as of its most recent filing with the Securities & Exchange Commission.

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

Dutch Bros Stock Performance

Shares of BROS stock opened at $48.16 on Friday. The stock has a fifty day moving average price of $56.03 and a 200 day moving average price of $57.88. The stock has a market cap of $7.92 billion, a PE ratio of 75.24, a P/E/G ratio of 1.85 and a beta of 2.54. Dutch Bros Inc. has a 1 year low of $46.52 and a 1 year high of $77.88. 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 (NYSE:BROS) last posted its earnings results 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 return on equity of 9.56% and a net margin of 4.87%.The company had revenue of $443.61 million for the quarter, compared to analyst estimates of $424.44 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. Dutch Bros’s revenue was up 29.4% compared to the same quarter last year. Sell-side analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Mizuho lifted their price target on Dutch Bros from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Sanford C. Bernstein reissued an “overweight” rating and issued a $76.00 target price on shares of Dutch Bros in a report on Wednesday, January 7th. Barclays boosted their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Evercore set a $73.00 price target on shares of Dutch Bros in a research note on Monday, January 5th. Finally, Citigroup reduced their price objective on shares of Dutch Bros from $82.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Dutch Bros 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.