Citizens Business Bank Makes New Investment in Dutch Bros Inc. $BROS

Key Points

• Citizens Business Bank opened a new Q4 position of 86,332 shares in Dutch Bros (BROS), worth about $5.29 million and representing roughly 0.05% of the company.
• Major institutions — including Ninety One UK, Balyasny, Amundi and BNP Paribas — have also added sizable stakes, leaving institutional investors with about 85.54% ownership of the stock.
• Analysts collectively rate Dutch Bros a "Moderate Buy" with an average price target of $75.65, and the company recently beat quarterly EPS and revenue estimates with revenue up 29.4% year-over-year.

Citizens Business Bank acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 86,332 shares of the company's stock, valued at approximately $5,285,000. Citizens Business Bank owned 0.05% of Dutch Bros at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BROS. Ninety One UK Ltd acquired a new stake in Dutch Bros during the 3rd quarter worth approximately $135,336,000. Balyasny Asset Management L.P. lifted its position in Dutch Bros by 196.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company's stock worth $95,112,000 after acquiring an additional 1,203,338 shares during the period. Amundi lifted its position in Dutch Bros by 90.4% during the 3rd quarter. Amundi now owns 1,390,216 shares of the company's stock worth $68,162,000 after acquiring an additional 660,036 shares during the period. Freestone Grove Partners LP acquired a new stake in Dutch Bros during the 3rd quarter worth approximately $30,921,000. Finally, BNP Paribas Financial Markets lifted its position in Dutch Bros by 69.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,405,007 shares of the company's stock worth $73,538,000 after acquiring an additional 574,818 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley reissued an "overweight" rating and set a $85.00 target price on shares of Dutch Bros in a research note on Friday, February 13th. Evercore set a $73.00 target price on Dutch Bros in a research note on Monday, January 5th. KeyCorp reissued an "overweight" rating on shares of Dutch Bros in a research note on Friday, January 9th. Telsey Advisory Group assumed coverage on Dutch Bros in a research note on Wednesday, April 8th. They set an "outperform" rating and a $66.00 target price for the company. Finally, Citigroup cut their target price on Dutch Bros from $82.00 to $81.00 and set a "buy" rating for the company in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Dutch Bros currently has a consensus rating of "Moderate Buy" and an average price target of $75.65.

Dutch Bros Stock Performance

Shares of BROS stock opened at $57.56 on Friday. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 89.94, a price-to-earnings-growth ratio of 1.58 and a beta of 2.50. The stock has a 50 day simple moving average of $52.23 and a 200-day simple moving average of $55.99. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $77.88. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.17 earnings per share 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 analysts' expectations of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The company's revenue was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. On average, equities analysts forecast that Dutch Bros Inc. will post 0.82 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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