Fuller & Thaler Asset Management Inc. Boosts Position in Dutch Bros Inc. $BROS

Key Points

• Fuller & Thaler Asset Management Inc. increased its stock holdings in Dutch Bros Inc. by 25.9%, owning 1,324,676 shares valued at approximately $81.79 million.
• Dutch Bros reported a quarterly earnings per share of $0.26, beating the consensus estimate by $0.08, alongside a revenue increase of 28% year-over-year.
• Institutional investors and hedge funds now own 85.54% of Dutch Bros stock, reflecting significant interest and confidence in the company.

Fuller & Thaler Asset Management Inc. increased its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 25.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,324,676 shares of the company's stock after buying an additional 272,473 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.86% of Dutch Bros worth $81,786,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BROS. Envestnet Asset Management Inc. increased its holdings in Dutch Bros by 6.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 126,116 shares of the company's stock worth $6,606,000 after buying an additional 7,203 shares during the period. Legal & General Group Plc boosted its position in Dutch Bros by 13.5% in the 4th quarter. Legal & General Group Plc now owns 114,448 shares of the company's stock worth $5,995,000 after purchasing an additional 13,630 shares in the last quarter. Sterling Capital Management LLC boosted its position in Dutch Bros by 46.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,661 shares of the company's stock worth $244,000 after purchasing an additional 1,476 shares in the last quarter. Townsquare Capital LLC purchased a new stake in Dutch Bros in the 4th quarter worth approximately $200,000. Finally, Mariner LLC boosted its position in Dutch Bros by 14.4% in the 4th quarter. Mariner LLC now owns 24,920 shares of the company's stock worth $1,305,000 after purchasing an additional 3,140 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Price Performance

BROS stock traded up $2.2050 during midday trading on Friday, reaching $65.3350. The stock had a trading volume of 4,738,619 shares, compared to its average volume of 3,949,006. The company's fifty day simple moving average is $64.65 and its 200 day simple moving average is $65.83. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 139.01, a price-to-earnings-growth ratio of 3.68 and a beta of 2.63. Dutch Bros Inc. has a 52-week low of $30.30 and a 52-week high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. The company had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. As a group, sell-side analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BROS has been the topic of several recent research reports. Royal Bank Of Canada upped their price objective on Dutch Bros from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. CICC Research began coverage on Dutch Bros in a research report on Monday, June 30th. They set an "outperform" rating and a $80.00 target price on the stock. Stifel Nicolaus dropped their price target on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Guggenheim lifted their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, TD Securities reissued a "buy" rating and issued a $78.00 price target on shares of Dutch Bros in a research note on Thursday, May 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Dutch Bros currently has an average rating of "Buy" and an average price target of $79.76.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.