1832 Asset Management L.P. Increases Position in Dutch Bros Inc. $BROS

Key Points

• 1832 Asset Management L.P. has increased its holdings in Dutch Bros Inc. by 29.9%, acquiring an additional 788,100 shares, bringing its total to 3,420,200 shares.
• Dutch Bros reported a 28.0% year-over-year revenue increase to $415.81 million and topped analysts' earnings estimates by earning $0.26 EPS.
• The stock has a market capitalization of $10.39 billion, with a consensus rating of "Buy" and a target price of $79.76 from analysts.

1832 Asset Management L.P. increased its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 29.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,420,200 shares of the company's stock after purchasing an additional 788,100 shares during the quarter. 1832 Asset Management L.P. owned approximately 2.22% of Dutch Bros worth $211,163,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Coppell Advisory Solutions LLC grew its holdings in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after buying an additional 447 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Dutch Bros in the 1st quarter worth $31,000. Cullen Frost Bankers Inc. purchased a new position in Dutch Bros in the first quarter valued at about $31,000. Gould Capital LLC raised its stake in Dutch Bros by 20.4% in the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after buying an additional 140 shares during the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in Dutch Bros in the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Wall Street Analysts Forecast Growth

BROS has been the topic of a number of research reports. Bank of America increased their price objective on Dutch Bros from $80.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Melius Research raised Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Barclays lifted their target price on Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Royal Bank Of Canada upped their price target on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, TD Cowen reaffirmed a "buy" rating and set a $86.00 price objective on shares of Dutch Bros in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $79.76.

Dutch Bros Trading Up 3.5%

Shares of BROS traded up $2.2050 during trading hours on Friday, hitting $65.3350. The stock had a trading volume of 4,738,619 shares, compared to its average volume of 4,019,526. The company's fifty day simple moving average is $64.65 and its 200 day simple moving average is $65.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. Dutch Bros Inc. has a 12-month low of $30.30 and a 12-month high of $86.88. The firm has a market cap of $10.75 billion, a P/E ratio of 139.01, a P/E/G ratio of 3.68 and a beta of 2.63.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The company had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. During the same period last year, the company posted $0.19 earnings per share. The firm's revenue was up 28.0% compared to the same quarter last year. Equities research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.