Quantbot Technologies LP Lowers Stock Position in Dutch Bros Inc. $BROS

Quantbot Technologies LP lessened its stake in Dutch Bros Inc. (NYSE:BROS) by 65.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,638 shares of the company’s stock after selling 20,224 shares during the quarter. Quantbot Technologies LP’s holdings in Dutch Bros were worth $557,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Dutch Bros in the first quarter worth $318,000. Empowered Funds LLC raised its position in Dutch Bros by 15.9% during the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock valued at $2,089,000 after purchasing an additional 4,633 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Dutch Bros by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after purchasing an additional 22,323 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of Dutch Bros by 19.0% in the 2nd quarter. Sigma Planning Corp now owns 6,641 shares of the company’s stock worth $454,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Dutch Bros by 1,339.0% in the 2nd quarter. Bank of Montreal Can now owns 101,119 shares of the company’s stock worth $6,914,000 after purchasing an additional 94,092 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of BROS stock opened at $51.44 on Monday. Dutch Bros Inc. has a 12 month low of $46.52 and a 12 month high of $77.88. The company has a market capitalization of $8.46 billion, a P/E ratio of 80.38, a P/E/G ratio of 1.84 and a beta of 2.54. The stock has a 50 day moving average of $56.92 and a two-hundred day moving average of $58.16. 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) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $443.61 million for the quarter, compared to analysts’ expectations of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.Dutch Bros’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. As a group, equities analysts expect that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BROS. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, January 21st. Citigroup decreased their price target on shares of Dutch Bros from $82.00 to $81.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Zacks Research lowered shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Mizuho upped their price objective on shares of Dutch Bros from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $76.71.

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.