Calamos Advisors LLC Makes New Investment in Dutch Bros Inc. $BROS

Key Points

• Calamos Advisors opened a new stake in Dutch Bros during Q4, buying 23,598 shares worth roughly $1.45 million.
• Wall Street sentiment is positive with a consensus rating of “Moderate Buy” and an average target price of $75.65, supported by several recent "buy/outperform" ratings.
• Dutch Bros reported a quarterly EPS and revenue beat with revenue up 29.4% year-over-year; the stock trades around $57.31 with a market cap of $9.43 billion and a high P/E (~89.5), reflecting growth expectations.

Calamos Advisors LLC purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,598 shares of the company's stock, valued at approximately $1,445,000.

A number of other institutional investors have also recently bought and sold shares of BROS. Osterweis Capital Management Inc. acquired a new position in Dutch Bros during the second quarter worth approximately $27,000. Brown Lisle Cummings Inc. acquired a new position in shares of Dutch Bros in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. grew its position in shares of Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company's stock valued at $31,000 after purchasing an additional 379 shares during the last quarter. Caitlin John LLC acquired a new position in shares of Dutch Bros in the third quarter valued at approximately $44,000. Finally, MAI Capital Management grew its position in shares of 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 purchasing an additional 485 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BROS shares. BNP Paribas Exane started coverage on Dutch Bros in a research report on Monday, March 30th. They issued an "outperform" rating and a $73.00 target price on the stock. Citigroup decreased their target price on Dutch Bros from $82.00 to $81.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dutch Bros in a research report on Monday, April 20th. Wolfe Research started coverage on Dutch Bros in a research report on Monday, March 9th. They issued an "outperform" rating and a $77.00 target price on the stock. Finally, Sanford C. Bernstein reaffirmed an "overweight" rating and issued a $76.00 target price on shares of Dutch Bros in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $75.65.

Dutch Bros Trading Down 0.2%

Shares of NYSE:BROS opened at $57.31 on Tuesday. The company has a market capitalization of $9.43 billion, a P/E ratio of 89.54, a P/E/G ratio of 2.10 and a beta of 2.50. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.49 and a quick ratio of 1.28. The business's 50 day simple moving average is $52.00 and its 200 day simple moving average is $55.93.

Dutch Bros (NYSE:BROS - Get Free Report) 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 for the quarter, compared to the consensus estimate of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The firm's quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. On average, research analysts anticipate that Dutch Bros Inc. will post 0.81 EPS for the current fiscal year.

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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