American Century Companies Inc. Has $41.53 Million Position in Dutch Bros Inc. $BROS

Key Points

• American Century Companies trimmed its stake by 2.5%, selling 20,110 shares and leaving it with 793,447 shares of Dutch Bros worth about $41.53 million in its latest 13F filing.
• Dutch Bros beat the quarter with $0.17 EPS (vs. $0.10 expected) and $443.6M revenue (up 29.4% YoY), yet the stock is down 5.6% at $51.44 and trades at a high PE of 80.38 with an $8.46 billion market cap.
• Analysts remain largely positive—one Strong Buy, 19 Buys and three Holds—yielding a consensus "Moderate Buy" and an average price target of about $76.71.

American Century Companies Inc. cut its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 2.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 793,447 shares of the company's stock after selling 20,110 shares during the quarter. American Century Companies Inc. owned approximately 0.48% of Dutch Bros worth $41,529,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Ninety One UK Ltd acquired a new position in Dutch Bros during the 3rd quarter valued at about $135,336,000. Marshall Wace LLP boosted its position in shares of Dutch Bros by 139.2% in the 2nd quarter. Marshall Wace LLP now owns 2,509,767 shares of the company's stock worth $171,593,000 after purchasing an additional 1,460,376 shares during the last quarter. Invesco Ltd. grew its stake in shares of Dutch Bros by 70.9% during the second quarter. Invesco Ltd. now owns 2,333,142 shares of the company's stock worth $159,517,000 after purchasing an additional 967,861 shares during the period. Geode Capital Management LLC grew its stake in shares of Dutch Bros by 14.0% during the second quarter. Geode Capital Management LLC now owns 2,173,710 shares of the company's stock worth $148,643,000 after purchasing an additional 267,074 shares during the period. Finally, State Street Corp increased its holdings in Dutch Bros by 6.6% in the second quarter. State Street Corp now owns 1,978,441 shares of the company's stock valued at $135,266,000 after purchasing an additional 121,683 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Trading Down 5.6%

BROS opened at $51.44 on Friday. Dutch Bros Inc. has a twelve month low of $46.52 and a twelve month high of $77.88. The company has a fifty day moving average of $56.92 and a 200-day moving average of $58.23. The stock has a market cap of $8.46 billion, a PE ratio of 80.38, a price-to-earnings-growth ratio of 1.95 and a beta of 2.54. The company has a quick ratio of 1.28, a current ratio of 1.49 and a debt-to-equity ratio of 0.22.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.07. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The company had revenue of $443.61 million for the quarter, compared to the consensus estimate of $424.44 million. During the same quarter in the previous year, the company earned $0.07 EPS. Dutch Bros's quarterly revenue was up 29.4% compared to the same quarter last year. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. DA Davidson started coverage on shares of Dutch Bros in a report on Friday. They issued a "buy" rating and a $67.00 target price on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $75.00 price target on shares of Dutch Bros in a research report on Friday, February 13th. Sanford C. Bernstein reissued an "overweight" rating and set a $76.00 price target on shares of Dutch Bros in a research report on Wednesday, January 7th. Barclays boosted their price target on Dutch Bros from $72.00 to $76.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 7th. Finally, Evercore set a $73.00 price target on Dutch Bros in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $76.71.

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.

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