Whittier Trust Co. Buys 79,116 Shares of Dutch Bros Inc. $BROS

Whittier Trust Co. increased its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 64.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 202,383 shares of the company’s stock after acquiring an additional 79,116 shares during the quarter. Whittier Trust Co.’s holdings in Dutch Bros were worth $12,803,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Nations Financial Group Inc. IA ADV grew its stake in shares of Dutch Bros by 22.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 5,911 shares of the company’s stock valued at $362,000 after purchasing an additional 1,100 shares during the last quarter. KBC Group NV boosted its stake in Dutch Bros by 20.1% in the fourth quarter. KBC Group NV now owns 3,765 shares of the company’s stock valued at $230,000 after acquiring an additional 630 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Dutch Bros by 25.4% in the fourth quarter. Farther Finance Advisors LLC now owns 10,116 shares of the company’s stock valued at $619,000 after acquiring an additional 2,047 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in Dutch Bros in the fourth quarter valued at approximately $31,000. Finally, Clear Creek Financial Management LLC bought a new position in Dutch Bros in the fourth quarter valued at approximately $211,000. 85.54% of the stock is owned by institutional investors.

Dutch Bros Trading Up 5.6%

BROS opened at $53.45 on Friday. The firm’s fifty day moving average is $51.80 and its two-hundred day moving average is $55.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.49. The firm has a market cap of $8.79 billion, a PE ratio of 83.52, a price-to-earnings-growth ratio of 1.85 and a beta of 2.50. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $77.88.

Dutch Bros (NYSE:BROS) last posted its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate 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 net margin of 4.87% and a return on equity of 9.56%. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. Equities research analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

BROS has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Dutch Bros in a research note on Friday, February 13th. KeyCorp reaffirmed an “overweight” rating on shares of Dutch Bros in a research note on Friday, January 9th. Telsey Advisory Group initiated coverage on shares of Dutch Bros in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Dutch Bros in a research note on Friday, February 13th. Finally, The Goldman Sachs Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.52.

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.