Dutch Bros Inc. $BROS Stock Holdings Lessened by TSG Consumer Partners LP

TSG Consumer Partners LP lessened its stake in Dutch Bros Inc. (NYSE:BROS) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,279,846 shares of the company’s stock after selling 67,500 shares during the quarter. Dutch Bros makes up about 100.0% of TSG Consumer Partners LP’s portfolio, making the stock its biggest holding. TSG Consumer Partners LP’s holdings in Dutch Bros were worth $119,327,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in BROS. Ninety One UK Ltd purchased a new position in Dutch Bros during the third quarter valued at $135,336,000. Marshall Wace LLP increased its stake in shares of Dutch Bros by 139.2% during the second quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock worth $171,593,000 after purchasing an additional 1,460,376 shares in the last quarter. Invesco Ltd. raised its position in shares of Dutch Bros by 4.0% during the 3rd quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock worth $127,011,000 after purchasing an additional 93,515 shares during the last quarter. Geode Capital Management LLC lifted its stake in Dutch Bros by 14.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,173,710 shares of the company’s stock valued at $148,643,000 after buying an additional 267,074 shares in the last quarter. Finally, State Street Corp lifted its stake in Dutch Bros by 6.6% in the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after buying an additional 121,683 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Price Performance

Shares of Dutch Bros stock traded up $0.14 on Friday, hitting $48.31. 956,328 shares of the company were exchanged, compared to its average volume of 5,231,977. 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 company has a 50-day moving average price of $56.03 and a 200 day moving average price of $57.88. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 75.32, a price-to-earnings-growth 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.

Dutch Bros (NYSE:BROS) last posted its quarterly 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 analysts’ expectations of $424.44 million. During the same quarter last year, the firm earned $0.07 earnings per share. The business’s revenue for the quarter 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on BROS shares. Wolfe Research assumed coverage on Dutch Bros in a research note on Monday. They set an “outperform” rating and a $77.00 price objective for the company. Barclays raised their target price on Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, March 2nd. Mizuho increased their price objective on Dutch Bros from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, DA Davidson assumed coverage on shares of Dutch Bros in a research note on Friday, March 6th. They set a “buy” rating and a $67.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.