Neuberger Berman Group LLC Decreases Stock Holdings in Dutch Bros Inc. $BROS

Neuberger Berman Group LLC decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 10.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,241 shares of the company’s stock after selling 22,682 shares during the period. Neuberger Berman Group LLC’s holdings in Dutch Bros were worth $9,696,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. RiverPark Advisors LLC increased its position in Dutch Bros by 4.8% in the second quarter. RiverPark Advisors LLC now owns 3,966 shares of the company’s stock worth $271,000 after buying an additional 181 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Dutch Bros by 0.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock valued at $1,319,000 after acquiring an additional 200 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Dutch Bros by 1.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock worth $975,000 after acquiring an additional 200 shares in the last quarter. Moody Lynn & Lieberson LLC raised its stake in Dutch Bros by 3.9% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company’s stock worth $282,000 after acquiring an additional 204 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Dutch Bros by 31.5% during the third quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $51.44 on Friday. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 80.38, a P/E/G ratio of 1.84 and a beta of 2.54. The firm has a fifty day moving average price of $56.92 and a 200 day moving average price of $58.20. Dutch Bros Inc. has a fifty-two week low of $46.52 and a fifty-two week 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 announced its quarterly earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, topping 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 business had revenue of $443.61 million for the quarter, compared to analysts’ expectations of $424.44 million. During the same quarter in the previous year, the company earned $0.07 EPS. The business’s quarterly revenue was up 29.4% compared to the same quarter last year. As a group, sell-side analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BROS has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research note on Wednesday, January 21st. TD Cowen restated a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a research note on Friday, February 13th. 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 note on Monday, March 2nd. Zacks Research cut Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, UBS Group restated a “buy” rating on shares of Dutch Bros in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.71.

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.