TSG Consumer Partners LP Sells 67,500 Shares of Dutch Bros Inc. $BROS

Key Points

• TSG Consumer Partners reduced its holding in Dutch Bros by 2.9%, selling 67,500 shares to end the quarter with 2,279,846 shares (about 1.39% ownership) worth roughly $119.33 million, and Dutch Bros remains TSG’s largest position at 100% of its holdings.
• Institutional ownership of Dutch Bros stands at 85.54%; the stock recently traded at $48.31, has a market cap of about $7.95 billion, and a 12‑month range of $46.52–$77.88.
• Dutch Bros beat quarterly estimates with $0.17 EPS versus $0.10 expected and revenue of $443.6M (up 29.4% year‑over‑year), while analysts show a consensus "Moderate Buy" and an average price target of $76.73.

TSG Consumer Partners LP cut its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 2.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,279,846 shares of the company's stock after selling 67,500 shares during the quarter. Dutch Bros comprises 100.0% of TSG Consumer Partners LP's holdings, making the stock its largest position. TSG Consumer Partners LP owned 1.39% of Dutch Bros worth $119,327,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Osterweis Capital Management Inc. acquired a new position in shares of Dutch Bros during the second quarter valued at about $27,000. Rakuten Securities Inc. boosted its stake in Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company's stock worth $31,000 after purchasing an additional 379 shares in the last quarter. MAI Capital Management grew its position in Dutch Bros by 139.0% during the 3rd quarter. MAI Capital Management now owns 834 shares of the company's stock worth $44,000 after purchasing an additional 485 shares during the last quarter. Caitlin John LLC purchased a new stake in Dutch Bros during the 3rd quarter worth approximately $44,000. Finally, GAMMA Investing LLC increased its stake in Dutch Bros by 31.5% during the 3rd quarter. GAMMA Investing LLC now owns 856 shares of the company's stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Stock Performance

Shares of BROS stock traded up $0.14 on Friday, hitting $48.31. The company had a trading volume of 956,328 shares, compared to its average volume of 5,231,977. Dutch Bros Inc. has a twelve month low of $46.52 and a twelve month high of $77.88. The firm has a market cap of $7.95 billion, a P/E ratio of 75.32, a price-to-earnings-growth ratio of 1.85 and a beta of 2.54. The company has a 50-day moving average price of $56.03 and a 200-day moving average price of $57.88. The company has a quick ratio of 1.28, a current ratio of 1.49 and a debt-to-equity ratio of 0.22.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. The business had revenue of $443.61 million for the quarter, compared to analyst estimates of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The business's quarterly 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. As a group, equities research analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Mizuho raised their price target on shares of Dutch Bros from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, December 4th. Barclays upped their target price on Dutch Bros from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Wednesday, January 7th. Evercore set a $73.00 target price on Dutch Bros in a research note on Monday, January 5th. TD Cowen reaffirmed a "buy" rating and set a $73.00 price target on shares of Dutch Bros in a research report on Friday, February 13th. Finally, KeyCorp reiterated an "overweight" rating on shares of Dutch Bros in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $76.73.

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.

Want to see what other hedge funds are holding BROS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dutch Bros Inc. (NYSE:BROS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.