Legato Capital Management LLC Invests $1.11 Million in Dutch Bros Inc. $BROS

Legato Capital Management LLC acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 18,080 shares of the company’s stock, valued at approximately $1,107,000.

Other institutional investors have also modified their holdings of the company. Osterweis Capital Management Inc. purchased a new stake in shares of Dutch Bros during the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. lifted its position in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after buying an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of Dutch Bros during the 4th quarter worth approximately $31,000. MAI Capital Management raised its position in Dutch Bros by 139.0% in the 3rd quarter. MAI Capital Management now owns 834 shares of the company’s stock valued at $44,000 after purchasing an additional 485 shares during the last quarter. Finally, Caitlin John LLC purchased a new stake in Dutch Bros in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS opened at $52.05 on Monday. 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 stock has a market capitalization of $9.09 billion, a P/E ratio of 81.33, a P/E/G ratio of 1.70 and a beta of 2.40. The company’s fifty day moving average is $52.54 and its two-hundred day moving average is $55.67. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. Dutch Bros’s revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.83 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

In related news, Director Todd Allan Penegor purchased 2,000 shares of the stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $51.17 per share, with a total value of $102,340.00. Following the purchase, the director directly owned 5,358 shares in the company, valued at $274,168.86. This trade represents a 59.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 38.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Telsey Advisory Group assumed coverage on shares of Dutch Bros in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price target for the company. Barclays reduced their price target on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Oppenheimer assumed coverage on shares of Dutch Bros in a research report on Friday, May 1st. They issued an “outperform” rating and a $72.00 price target for the company. Piper Sandler upped their price target on shares of Dutch Bros from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a research report on Wednesday. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.00.

Dutch Bros Company 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.