Synergy Asset Management LLC Purchases Shares of 223,067 Dutch Bros Inc. $BROS

Synergy Asset Management LLC acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 223,067 shares of the company’s stock, valued at approximately $13,656,000. Dutch Bros accounts for about 1.4% of Synergy Asset Management LLC’s portfolio, making the stock its 18th largest holding. Synergy Asset Management LLC owned approximately 0.14% of Dutch Bros as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Osterweis Capital Management Inc. bought a new stake in Dutch Bros in the second quarter valued at about $27,000. Rakuten Securities Inc. boosted its holdings in Dutch Bros by 557.4% during the second 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. MAI Capital Management grew 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 period. Caitlin John LLC acquired a new position in shares of Dutch Bros in the 3rd quarter worth approximately $44,000. Finally, GAMMA Investing LLC raised its holdings in shares of Dutch Bros by 31.5% in 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 Trading Down 6.6%

BROS stock opened at $47.97 on Friday. The business has a fifty day moving average price of $53.72 and a 200 day moving average price of $56.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.49 and a quick ratio of 1.28. Dutch Bros Inc. has a fifty-two week low of $46.52 and a fifty-two week high of $77.88. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 74.95, a P/E/G ratio of 1.86 and a beta of 2.54.

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

Wall Street Analyst Weigh In

Several analysts recently commented on BROS shares. Wolfe Research began coverage on Dutch Bros in a research note on Monday, March 9th. They issued an “outperform” rating and a $77.00 price target on the stock. Evercore set a $73.00 price objective on Dutch Bros in a report on Monday, January 5th. Citigroup reduced their target price on shares of Dutch Bros from $82.00 to $81.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. KeyCorp reaffirmed an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. Finally, UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $76.73.

Dutch Bros 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.