Fenimore Asset Management Inc Sells 37,284 Shares of Dutch Bros Inc. $BROS

Key Points

• Fenimore Asset Management reduced its stake in Dutch Bros by 10.7%, selling 37,284 shares in Q4 and now holds 312,111 shares (about $19.1M, ~0.19% ownership).
• Analysts remain generally bullish: Dutch Bros has a consensus rating of "Moderate Buy" with a consensus price target of $75.50, and several firms recently initiated or reiterated outperform/buy ratings.
• Dutch Bros recently beat estimates—Q4 EPS of $0.17 vs $0.10 expected and revenue of $443.6M, up 29.4% YoY—supporting expectations for continued top-line growth and margin improvement.

Fenimore Asset Management Inc lessened its holdings in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,111 shares of the company's stock after selling 37,284 shares during the quarter. Fenimore Asset Management Inc owned approximately 0.19% of Dutch Bros worth $19,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BROS. Osterweis Capital Management Inc. bought a new position in shares of Dutch Bros during the second quarter valued at approximately $27,000. Brown Lisle Cummings Inc. purchased a new stake in Dutch Bros in the fourth quarter worth $31,000. Rakuten Securities Inc. grew its stake in Dutch Bros by 557.4% in 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 purchased a new stake in Dutch Bros in the third quarter worth $44,000. Finally, MAI Capital Management grew its stake in Dutch Bros by 139.0% in the third quarter. MAI Capital Management now owns 834 shares of the company's stock worth $44,000 after purchasing an additional 485 shares during the period. Institutional investors own 85.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BROS shares. Citigroup reduced their price target on Dutch Bros from $82.00 to $81.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. BNP Paribas Exane started coverage on Dutch Bros in a research note on Monday, March 30th. They issued an "outperform" rating and a $73.00 price target on the stock. Wolfe Research started coverage on Dutch Bros in a research note on Monday, March 9th. They issued an "outperform" rating and a $77.00 price target on the stock. DA Davidson upped their price target on Dutch Bros from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Finally, Oppenheimer started coverage on Dutch Bros in a research note on Friday. They issued an "outperform" rating and a $72.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Dutch Bros presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.50.

Dutch Bros News Roundup

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Oppenheimer initiated/maintained a bullish view, giving Dutch Bros a "bull" rating that can boost investor demand and fund flows. Coffee buzz: Dutch Bros lands a bull rating from Oppenheimer
• Positive Sentiment: Analysts are penciling in a Q1 earnings beat for Dutch Bros, reinforcing expectations that the company can continue to deliver top-line growth and margin progress. Analysts see Dutch Bros poised for Q1 earnings beat
• Positive Sentiment: From a technical perspective, BROS just cleared its 200-day moving average — a common long-term bullish signal that may attract momentum traders. Dutch Bros (BROS) Just Overtook the 200-Day Moving Average
• Positive Sentiment: High-profile media support: Jim Cramer publicly called it "an excellent time to enter," which can spur retail buying and short-term interest. Jim Cramer on Dutch Bros: “I Think It’s an Excellent Time to Enter”
• Positive Sentiment: Product/newsflow: Dutch Bros rolled out new seasonal drinks for May, a marketing push that can lift comps and traffic in the near term. Dutch Bros splashes into summer with new drinks. See the flavors
• Neutral Sentiment: Coverage/education pieces are driving attention — several Zacks articles discuss valuation, trending status and whether Wall Street’s bullish views justify buying, which can increase chatter but may not move fundamentals. Is It Worth Investing in Dutch Bros (BROS) Based on Wall Street's Bullish Views?
• Negative Sentiment: Local competition is expanding: two new 7 Brew coffee shops are opening in Shreveport, highlighting regional competitive pressure that could blunt share gains in select markets. Two new 7 Brew coffee shops are coming to Shreveport

Dutch Bros Trading Down 1.1%

NYSE BROS opened at $56.87 on Friday. Dutch Bros Inc. has a 12 month low of $44.58 and a 12 month high of $77.88. The stock has a market cap of $9.36 billion, a P/E ratio of 88.85, a P/E/G ratio of 1.63 and a beta of 2.40. The stock's fifty day moving average price is $52.23 and its 200-day moving average price is $56.01. 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 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. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The firm had revenue of $443.61 million for the quarter, compared to analysts' expectations of $424.44 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The company's quarterly revenue was up 29.4% on a year-over-year basis. As a group, equities analysts forecast that Dutch Bros Inc. will post 0.82 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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