Keystone Investors PTE Ltd. Acquires New Holdings in Dutch Bros Inc. $BROS

Keystone Investors PTE Ltd. bought a new stake in Dutch Bros Inc. (NYSE:BROSFree Report) during the 3rd quarter, Holdings Channel.com reports. The fund bought 76,276 shares of the company’s stock, valued at approximately $3,992,000.

A number of other large investors have also added to or reduced their stakes in the company. Ninety One UK Ltd bought a new stake in shares of Dutch Bros in the 3rd quarter valued at about $135,336,000. Marshall Wace LLP lifted its position in Dutch Bros by 139.2% during the second quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock valued at $171,593,000 after acquiring an additional 1,460,376 shares during the last quarter. Norges Bank acquired a new stake in Dutch Bros in the second quarter valued at approximately $93,525,000. Invesco Ltd. grew its holdings in Dutch Bros by 70.9% in the second quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock worth $159,517,000 after purchasing an additional 967,861 shares during the last quarter. Finally, Mane Global Capital Management LP acquired a new position in shares of Dutch Bros during the second quarter worth $35,936,000. 85.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BROS has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, January 21st. Mizuho raised their price target on Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Barclays boosted their price target on Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Zacks Research lowered shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Finally, Stifel Nicolaus lowered 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.05.

Get Our Latest Stock Report on BROS

Key Headlines Impacting Dutch Bros

Here are the key news stories impacting Dutch Bros this week:

Dutch Bros Trading Down 0.5%

Shares of NYSE:BROS opened at $53.64 on Friday. Dutch Bros Inc. has a 52-week low of $46.52 and a 52-week high of $80.62. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of 83.82, a PEG ratio of 1.93 and a beta of 2.54. The company has a quick ratio of 1.28, a current ratio of 1.49 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $58.01 and a 200-day moving average price of $58.67.

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

Dutch Bros Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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