Algert Global LLC Grows Stake in Dutch Bros Inc. $BROS

Key Points

• Algert Global LLC increased its stake in Dutch Bros Inc. by 35.3%, acquiring an additional 31,161 shares during the first quarter, bringing its total holdings to 119,313 shares valued at approximately $7.36 million.
• Dutch Bros reported a 28% year-over-year revenue growth of $415.81 million in its latest earnings, exceeding analyst estimates, with earnings per share reaching $0.26 against a $0.18 consensus.
• Despite recent institutional interest, shares of Dutch Bros are trading down by 0.4% at $63.00, with a consensus target price from analysts at $77.82 indicating potential for growth.

Algert Global LLC lifted its position in Dutch Bros Inc. (NYSE:BROS - Free Report) by 35.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,313 shares of the company's stock after purchasing an additional 31,161 shares during the quarter. Algert Global LLC owned 0.08% of Dutch Bros worth $7,366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. lifted its stake in shares of Dutch Bros by 14.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after acquiring an additional 627,875 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Dutch Bros by 16.4% in the 1st quarter. Invesco Ltd. now owns 1,365,281 shares of the company's stock valued at $84,292,000 after acquiring an additional 192,458 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Dutch Bros by 7.5% in the 4th quarter. Millennium Management LLC now owns 1,295,545 shares of the company's stock valued at $67,861,000 after acquiring an additional 90,166 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Dutch Bros by 2.3% in the 4th quarter. Baird Financial Group Inc. now owns 1,198,069 shares of the company's stock valued at $62,755,000 after acquiring an additional 27,214 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Dutch Bros by 120.6% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,082,414 shares of the company's stock valued at $66,828,000 after acquiring an additional 591,657 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Up 3.5%

Shares of Dutch Bros stock traded up $2.2050 during midday trading on Friday, hitting $65.3350. The company had a trading volume of 4,735,245 shares, compared to its average volume of 3,194,656. The company has a 50 day moving average of $64.71 and a 200 day moving average of $65.83. 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 52-week low of $30.30 and a 52-week high of $86.88. The stock has a market capitalization of $10.75 billion, a P/E ratio of 139.01, a P/E/G ratio of 3.53 and a beta of 2.63.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BROS shares. Barclays boosted their target price on Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Stifel Nicolaus lowered their target price on Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Royal Bank Of Canada boosted their target price on Dutch Bros from $83.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. UBS Group lowered their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, TD Securities reaffirmed a "buy" rating and set a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Dutch Bros presently has an average rating of "Buy" and a consensus target price of $79.76.

Dutch Bros Company Profile

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.