Riverbridge Partners LLC Sells 77,751 Shares of Dutch Bros Inc. $BROS

Riverbridge Partners LLC decreased its position in shares of Dutch Bros Inc. (NYSE:BROS) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,106 shares of the company’s stock after selling 77,751 shares during the quarter. Riverbridge Partners LLC owned approximately 0.19% of Dutch Bros worth $18,679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BROS. KLP Kapitalforvaltning AS raised its position in Dutch Bros by 0.8% in the third quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock valued at $1,319,000 after purchasing an additional 200 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Dutch Bros by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock worth $975,000 after purchasing an additional 200 shares during the last quarter. Moody Lynn & Lieberson LLC increased its stake in shares of Dutch Bros by 3.9% in the third quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company’s stock valued at $282,000 after buying an additional 204 shares during the period. GAMMA Investing LLC increased its stake in shares of Dutch Bros by 31.5% in the third quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock valued at $45,000 after buying an additional 205 shares during the period. Finally, Verdence Capital Advisors LLC raised its holdings in Dutch Bros by 4.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,732 shares of the company’s stock valued at $248,000 after buying an additional 217 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Down 6.6%

Dutch Bros stock opened at $47.97 on Friday. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 74.95, a PEG ratio of 1.86 and a beta of 2.54. Dutch Bros Inc. has a 52-week low of $46.52 and a 52-week high of $77.88. 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 has a 50 day moving average price of $53.72 and a two-hundred day moving average price of $56.42.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, topping 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 company had revenue of $443.61 million during the quarter, compared to analysts’ expectations of $424.44 million. During the same period in the prior year, the company posted $0.07 earnings per share. Dutch Bros’s revenue for the quarter was up 29.4% compared to the same quarter last year. Equities analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BROS. Mizuho boosted their target price on shares of Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Citigroup dropped their price target on shares of Dutch Bros from $82.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, February 13th. The Goldman Sachs Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, March 2nd. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price objective on shares of Dutch Bros in a research note on Friday, February 13th. Finally, KeyCorp restated an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.