Financial Advocates Investment Management Decreases Position in Dutch Bros Inc. (NYSE:BROS)

Financial Advocates Investment Management reduced its stake in Dutch Bros Inc. (NYSE:BROS) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,660 shares of the company’s stock after selling 1,009 shares during the period. Financial Advocates Investment Management’s holdings in Dutch Bros were worth $1,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management boosted its holdings in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. Creative Planning lifted its position in Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock valued at $318,000 after acquiring an additional 405 shares during the last quarter. R Squared Ltd acquired a new position in Dutch Bros in the fourth quarter valued at $25,000. Keudell Morrison Wealth Management grew its holdings in shares of Dutch Bros by 4.6% during the third quarter. Keudell Morrison Wealth Management now owns 11,036 shares of the company’s stock worth $353,000 after purchasing an additional 490 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. increased its position in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BROS. Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $60.00 to $70.00 in a research note on Monday, January 6th. William Blair restated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Wedbush upped their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler raised their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $60.09.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $67.75 on Friday. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $67.78. The company has a 50-day moving average price of $56.85 and a 200 day moving average price of $43.45. The company has a market cap of $10.45 billion, a P/E ratio of 233.62, a PEG ratio of 3.58 and a beta of 2.73. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period in the previous year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. Research analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Dutch Bros Company 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.