RPG Investment Advisory LLC Acquires 6,690 Shares of Dutch Bros Inc. $BROS

RPG Investment Advisory LLC increased its holdings in Dutch Bros Inc. (NYSE:BROS) by 94.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,780 shares of the company’s stock after buying an additional 6,690 shares during the period. RPG Investment Advisory LLC’s holdings in Dutch Bros were worth $851,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Berkshire Capital Holdings Inc. bought a new position in Dutch Bros in the 1st quarter worth approximately $6,438,000. Wealth Enhancement Advisory Services LLC bought a new position in Dutch Bros in the 4th quarter worth approximately $267,000. West Michigan Advisors LLC bought a new position in Dutch Bros in the 1st quarter worth approximately $401,000. Cherry Creek Investment Advisors Inc. boosted its holdings in Dutch Bros by 63.9% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 21,253 shares of the company’s stock worth $1,312,000 after buying an additional 8,282 shares during the period. Finally, Private Advisory Group LLC bought a new position in Dutch Bros in the 1st quarter worth approximately $910,000. 85.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on BROS shares. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price target (up from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th. Stifel Nicolaus cut their price target on shares of Dutch Bros from $85.00 to $82.00 and set a “buy” rating for the company in a report on Thursday, May 8th. CICC Research started coverage on shares of Dutch Bros in a report on Monday, June 30th. They issued an “outperform” rating and a $80.00 price target for the company. Robert W. Baird raised their price target on shares of Dutch Bros from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada raised their price target on shares of Dutch Bros from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Dutch Bros has an average rating of “Buy” and an average price target of $79.76.

Dutch Bros Stock Up 0.3%

Shares of NYSE:BROS opened at $63.1510 on Friday. Dutch Bros Inc. has a 52-week low of $30.30 and a 52-week high of $86.88. The firm has a fifty day moving average of $64.71 and a 200 day moving average of $65.83. The firm has a market capitalization of $10.39 billion, a PE ratio of 134.37, a price-to-earnings-growth ratio of 3.53 and a beta of 2.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The company had revenue of $415.81 million during the quarter, compared to analyst estimates of $403.24 million. During the same period in the previous year, the business earned $0.19 earnings per share. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. As a group, research analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Dutch Bros 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.