Westfield Capital Management Co. LP Makes New $108.95 Million Investment in Dutch Bros Inc. $BROS

Westfield Capital Management Co. LP bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,779,616 shares of the company’s stock, valued at approximately $108,948,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new position in Dutch Bros during the second quarter worth about $27,000. Rakuten Securities Inc. lifted its holdings in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after acquiring an additional 379 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in Dutch Bros during the fourth quarter worth about $31,000. MAI Capital Management lifted its holdings in Dutch Bros by 139.0% during the third quarter. MAI Capital Management now owns 834 shares of the company’s stock worth $44,000 after acquiring an additional 485 shares in the last quarter. Finally, Caitlin John LLC bought a new position in Dutch Bros during the third quarter worth about $44,000. 85.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BROS has been the topic of several recent analyst reports. Oppenheimer initiated coverage on Dutch Bros in a report on Friday, May 1st. They set an “outperform” rating and a $72.00 target price on the stock. Telsey Advisory Group initiated coverage on Dutch Bros in a report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 target price on the stock. Piper Sandler lifted their target price on Dutch Bros from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group restated a “buy” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Finally, Citigroup boosted their price target on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Dutch Bros Stock Performance

BROS opened at $56.01 on Friday. Dutch Bros Inc. has a 52-week low of $44.58 and a 52-week high of $77.88. The firm has a market capitalization of $9.78 billion, a PE ratio of 87.52, a PEG ratio of 1.83 and a beta of 2.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The business’s 50-day simple moving average is $53.57 and its 200 day simple moving average is $55.73.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.70 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.Dutch Bros’s revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. As a group, sell-side analysts expect that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dutch Bros news, Director Todd Allan Penegor purchased 2,000 shares of the stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $51.17 per share, with a total value of $102,340.00. Following the completion of the transaction, the director directly owned 5,358 shares in the company, valued at $274,168.86. This represents a 59.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 189,655 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $56.21, for a total value of $10,660,507.55. Following the transaction, the insider directly owned 3,265,362 shares in the company, valued at approximately $183,545,998.02. This trade represents a 5.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,022,106 shares of company stock valued at $115,725,491 over the last 90 days. 38.90% of the stock is currently owned by insiders.

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.