328,779 Shares in Dutch Bros Inc. $BROS Purchased by Nuveen LLC

Key Points

• Nuveen LLC has invested approximately $20.30 million in Dutch Bros Inc., purchasing 328,779 shares, representing about 0.21% of the company.
• After strong earnings performance, Dutch Bros' stock recently opened at $63.73 and saw a 2.5% decline.
• Several analysts have recently adjusted their ratings and price targets for Dutch Bros, with a consensus target price of $79.76 and many rating it as a "Buy."

Nuveen LLC purchased a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 328,779 shares of the company's stock, valued at approximately $20,299,000. Nuveen LLC owned 0.21% of Dutch Bros as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BROS. Coppell Advisory Solutions LLC lifted its position in shares of Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares during the period. AdvisorNet Financial Inc acquired a new position in shares of Dutch Bros in the 1st quarter worth approximately $31,000. Cullen Frost Bankers Inc. acquired a new position in shares of Dutch Bros in the 1st quarter worth approximately $31,000. Gould Capital LLC lifted its position in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after purchasing an additional 140 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Stock Up 3.5%

Shares of NYSE BROS traded up $2.2050 during trading on Friday, hitting $65.3350. The stock had a trading volume of 4,738,619 shares, compared to its average volume of 3,949,006. Dutch Bros Inc. has a 12 month low of $30.30 and a 12 month high of $86.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The company has a market capitalization of $10.75 billion, a PE ratio of 139.01, a PEG ratio of 3.68 and a beta of 2.63. The firm has a fifty day moving average of $64.65 and a two-hundred day moving average of $65.83.

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

Analyst Upgrades and Downgrades

BROS has been the topic of a number of recent analyst reports. Guggenheim boosted their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. TD Cowen restated a "buy" rating and issued a $86.00 price target on shares of Dutch Bros in a research report on Tuesday, August 19th. Stifel Nicolaus lowered their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Morgan Stanley reiterated an "overweight" rating and set a $84.00 target price (up previously from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Dutch Bros from $83.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Dutch Bros currently has an average rating of "Buy" and an average target price of $79.76.

Dutch Bros Profile

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.