JPMorgan Chase & Co. Has $10.71 Million Position in Dutch Bros Inc. $BROS

JPMorgan Chase & Co. lifted its holdings in Dutch Bros Inc. (NYSE:BROS) by 31.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 204,705 shares of the company’s stock after buying an additional 49,194 shares during the quarter. JPMorgan Chase & Co.’s holdings in Dutch Bros were worth $10,714,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Marshall Wace LLP raised its holdings in Dutch Bros by 7.2% during the 3rd quarter. Marshall Wace LLP now owns 2,690,760 shares of the company’s stock worth $140,834,000 after buying an additional 180,993 shares during the period. Ninety One UK Ltd acquired a new position in shares of Dutch Bros in the third quarter valued at approximately $135,336,000. Invesco Ltd. boosted its holdings in shares of Dutch Bros by 4.0% in the third quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock valued at $127,011,000 after buying an additional 93,515 shares during the period. State Street Corp increased its position in shares of Dutch Bros by 6.6% during the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock worth $135,266,000 after acquiring an additional 121,683 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Dutch Bros by 11.2% during the third quarter. Qube Research & Technologies Ltd now owns 1,943,641 shares of the company’s stock worth $101,730,000 after acquiring an additional 196,316 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Stock Down 2.7%

Shares of BROS stock opened at $46.72 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.49. The firm’s 50-day moving average is $53.41 and its 200-day moving average is $56.23. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 73.00, a PEG ratio of 1.69 and a beta of 2.54. Dutch Bros Inc. has a 52-week low of $44.58 and a 52-week high of $77.88.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $443.61 million during the quarter, compared to analysts’ expectations of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.Dutch Bros’s quarterly revenue was up 29.4% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. Sell-side analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on BROS. Evercore set a $73.00 price objective on shares of Dutch Bros in a research report on Monday, January 5th. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a report on Monday, February 9th. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price target on shares of Dutch Bros in a research note on Friday, February 13th. Sanford C. Bernstein reaffirmed an “overweight” rating and set a $76.00 price objective on shares of Dutch Bros in a research report on Wednesday, January 7th. Finally, Barclays increased their price objective on Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $76.73.

About Dutch Bros

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.