Dutch Bros Inc. $BROS Shares Sold by RPG Investment Advisory LLC

RPG Investment Advisory LLC reduced its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 51.5% during the second quarter, Holdings Channel.com reports. The firm owned 6,690 shares of the company’s stock after selling 7,090 shares during the period. RPG Investment Advisory LLC’s holdings in Dutch Bros were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BROS. Jaffetilchin Investment Partners LLC raised its position in shares of Dutch Bros by 32.4% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 8,599 shares of the company’s stock worth $588,000 after buying an additional 2,104 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Dutch Bros during the second quarter valued at approximately $570,000. Prudential Financial Inc. raised its holdings in Dutch Bros by 6.3% during the second quarter. Prudential Financial Inc. now owns 19,930 shares of the company’s stock worth $1,363,000 after purchasing an additional 1,185 shares in the last quarter. American Century Companies Inc. raised its holdings in Dutch Bros by 52.2% during the second quarter. American Century Companies Inc. now owns 813,557 shares of the company’s stock worth $55,623,000 after purchasing an additional 278,941 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Dutch Bros by 18.5% in the second quarter. Rhumbline Advisers now owns 129,629 shares of the company’s stock worth $8,863,000 after purchasing an additional 20,238 shares during the period. Institutional investors own 85.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BROS shares. Bank of America lifted their price target on Dutch Bros from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. UBS Group reaffirmed a “buy” rating and set a $85.00 target price on shares of Dutch Bros in a report on Tuesday, October 28th. The Goldman Sachs Group cut their price target on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Zacks Research downgraded shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday. Finally, Stifel Nicolaus cut their target price on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.72.

Dutch Bros Price Performance

BROS stock opened at $53.31 on Tuesday. Dutch Bros Inc. has a one year low of $47.16 and a one year high of $86.88. The firm has a 50-day moving average of $54.28 and a two-hundred day moving average of $62.52. The firm has a market capitalization of $8.77 billion, a PE ratio of 106.62, a P/E/G ratio of 2.83 and a beta of 2.56. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $423.58 million for the quarter, compared to analyst estimates of $414.81 million. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. Dutch Bros has set its FY 2025 guidance at EPS. On average, analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

About Dutch Bros

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.