Whittier Trust Co. of Nevada Inc. Buys 42,233 Shares of Dutch Bros Inc. $BROS

Whittier Trust Co. of Nevada Inc. lifted its stake in Dutch Bros Inc. (NYSE:BROS) by 66.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,517 shares of the company’s stock after acquiring an additional 42,233 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Dutch Bros were worth $6,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BROS. Ninety One UK Ltd bought a new stake in shares of Dutch Bros in the third quarter worth approximately $135,336,000. Balyasny Asset Management L.P. grew its stake in shares of Dutch Bros by 196.0% in the third quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock worth $95,112,000 after acquiring an additional 1,203,338 shares during the period. Amundi grew its stake in shares of Dutch Bros by 90.4% in the third quarter. Amundi now owns 1,390,216 shares of the company’s stock worth $68,162,000 after acquiring an additional 660,036 shares during the period. Freestone Grove Partners LP bought a new stake in shares of Dutch Bros in the third quarter worth approximately $30,921,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Dutch Bros by 69.2% in the third quarter. BNP Paribas Financial Markets now owns 1,405,007 shares of the company’s stock worth $73,538,000 after acquiring an additional 574,818 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Stock Performance

BROS opened at $50.62 on Friday. 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 Inc. has a 12-month low of $44.58 and a 12-month high of $77.88. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 79.09, a PEG ratio of 1.89 and a beta of 2.50. The company’s 50 day moving average is $51.87 and its 200 day moving average is $55.62.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The business had revenue of $443.61 million for the quarter, compared to the consensus estimate of $424.44 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. On average, equities research analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

BROS has been the topic of a number of research reports. Sanford C. Bernstein reissued an “overweight” rating and issued a $76.00 price objective on shares of Dutch Bros in a report on Wednesday, January 7th. Telsey Advisory Group initiated coverage on shares of Dutch Bros in a report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price objective on the stock. TD Cowen reissued a “buy” rating and issued a $73.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. The Goldman Sachs Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, March 2nd. Finally, UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and an average target price of $75.52.

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.