Twin Capital Management Inc. Buys New Shares in Dutch Bros Inc. $BROS

Twin Capital Management Inc. acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 17,830 shares of the company’s stock, valued at approximately $1,092,000.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in shares of Dutch Bros by 29.6% in the fourth quarter. IFP Advisors Inc now owns 4,627 shares of the company’s stock valued at $283,000 after purchasing an additional 1,057 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Dutch Bros in the fourth quarter valued at about $8,276,000. Covestor Ltd raised its holdings in shares of Dutch Bros by 23.6% in the fourth quarter. Covestor Ltd now owns 1,783 shares of the company’s stock valued at $109,000 after purchasing an additional 341 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Dutch Bros by 69.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,366 shares of the company’s stock valued at $941,000 after purchasing an additional 6,297 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Dutch Bros by 9.9% in the fourth quarter. Handelsbanken Fonder AB now owns 32,300 shares of the company’s stock valued at $1,977,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

BROS opened at $53.55 on Friday. The firm has a market cap of $9.35 billion, a P/E ratio of 83.67, a PEG ratio of 1.79 and a beta of 2.40. The firm has a 50-day moving average of $52.53 and a 200 day moving average of $55.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $77.88.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. On average, research analysts expect that Dutch Bros Inc. will post 0.83 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on BROS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a report on Monday, April 20th. KeyCorp increased their target price on shares of Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. TD Cowen reiterated a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a report on Wednesday. BNP Paribas Exane initiated coverage on shares of Dutch Bros in a report on Monday, March 30th. They issued an “outperform” rating and a $73.00 target price for the company. Finally, DA Davidson restated a “buy” rating and set a $75.00 price target on shares of Dutch Bros in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Dutch Bros currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Insiders Place Their Bets

In other Dutch Bros news, Director Todd Allan Penegor bought 2,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $51.17 per share, for a total transaction of $102,340.00. Following the completion of the transaction, the director directly owned 5,358 shares of the company’s stock, valued at $274,168.86. This trade represents a 59.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 38.90% of the company’s stock.

Dutch Bros Company Profile

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.