Moran Wealth Management LLC Purchases New Stake in Dutch Bros Inc. $BROS

Moran Wealth Management LLC purchased a new stake in Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, Holdings Channel.com reports. The fund purchased 54,429 shares of the company’s stock, valued at approximately $3,332,000.

A number of other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Dutch Bros by 56.5% in the third quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company’s stock valued at $5,733,000 after purchasing an additional 39,561 shares during the period. JPMorgan Chase & Co. grew its holdings in Dutch Bros by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock valued at $10,714,000 after purchasing an additional 49,194 shares in the last quarter. Thornburg Investment Management Inc. grew its holdings in Dutch Bros by 143.9% during the 3rd quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the company’s stock valued at $4,067,000 after purchasing an additional 45,847 shares in the last quarter. Savoir Faire Capital Management L.P. grew its holdings in Dutch Bros by 29.9% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 112,783 shares of the company’s stock valued at $5,903,000 after purchasing an additional 25,935 shares in the last quarter. Finally, Magnetar Financial LLC grew its holdings in Dutch Bros by 107.2% during the 3rd quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock valued at $7,358,000 after purchasing an additional 72,751 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Up 0.0%

Shares of NYSE:BROS opened at $53.45 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $51.80 and a 200 day simple moving average of $55.68. The firm has a market cap of $8.79 billion, a PE ratio of 83.52, a price-to-earnings-growth ratio of 1.95 and a beta of 2.50. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $77.88.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $443.61 million during 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 was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, equities research analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BROS shares. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price target on shares of Dutch Bros in a report on Friday, February 13th. Barclays raised their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Evercore set a $73.00 price target on shares of Dutch Bros in a report on Monday, January 5th. KeyCorp reaffirmed an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. Finally, The Goldman Sachs Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.52.

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.