Blair William & Co. IL Sells 33,844 Shares of Dutch Bros Inc. $BROS

Key Points

• Blair William & Co. IL sold 33,844 shares of Dutch Bros, trimming its position by 14.8% to 194,760 shares worth about $10.19 million (≈0.12% of the company).
• Recent quarter beat estimates: Dutch Bros reported $0.17 EPS vs $0.10 consensus and $443.6M in revenue, up 29.4% year-over-year.
• Analyst sentiment is positive: the stock has an average rating of "Moderate Buy" with an average target of $76.73 and multiple firms issuing buy/overweight ratings.

Blair William & Co. IL lessened its stake in Dutch Bros Inc. (NYSE:BROS - Free Report) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,760 shares of the company's stock after selling 33,844 shares during the quarter. Blair William & Co. IL owned approximately 0.12% of Dutch Bros worth $10,194,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BROS. Osterweis Capital Management Inc. bought a new stake in shares of Dutch Bros in the 2nd quarter valued at about $27,000. Rakuten Securities Inc. grew its holdings in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company's stock worth $31,000 after purchasing an additional 379 shares during the period. Caitlin John LLC acquired a new position in Dutch Bros during the third quarter worth approximately $44,000. MAI Capital Management raised its stake in Dutch Bros by 139.0% in the third quarter. MAI Capital Management now owns 834 shares of the company's stock valued at $44,000 after buying an additional 485 shares during the period. Finally, GAMMA Investing LLC raised its stake in Dutch Bros by 31.5% in the third quarter. GAMMA Investing LLC now owns 856 shares of the company's stock valued at $45,000 after buying an additional 205 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group reiterated a "buy" rating on shares of Dutch Bros in a research note on Monday, February 9th. DA Davidson began coverage on Dutch Bros in a report on Friday. They set a "buy" rating and a $67.00 price target for the company. The Goldman Sachs Group raised shares of Dutch Bros from a "neutral" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Monday, March 2nd. KeyCorp reiterated an "overweight" rating on shares of Dutch Bros in a report on Friday, January 9th. Finally, Evercore set a $73.00 price objective on shares of Dutch Bros in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $76.73.

Dutch Bros Trading Up 2.0%

Shares of Dutch Bros stock opened at $52.34 on Tuesday. The firm has a 50-day moving average of $56.68 and a 200-day moving average of $58.09. The stock has a market cap of $8.61 billion, a PE ratio of 81.78, a PEG ratio of 1.84 and a beta of 2.54. Dutch Bros Inc. has a 52-week low of $46.52 and a 52-week high of $77.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.49.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.07. The business 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%. Dutch Bros's revenue for the quarter was up 29.4% compared to the same quarter last year. During the same period last year, the firm earned $0.07 earnings per share. As a group, sell-side analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current year.

About Dutch Bros

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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