Lisanti Capital Growth LLC Takes Position in Dutch Bros Inc. $BROS

Lisanti Capital Growth LLC bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 65,840 shares of the company’s stock, valued at approximately $4,031,000.

Several other large investors have also recently added to or reduced their stakes in BROS. Osterweis Capital Management Inc. purchased a new position in Dutch Bros during the second quarter worth about $27,000. Brown Lisle Cummings Inc. purchased a new position in Dutch Bros during the fourth quarter worth about $31,000. Rakuten Securities Inc. lifted its position in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after buying an additional 379 shares during the period. Caitlin John LLC purchased a new position in Dutch Bros during the third quarter worth about $44,000. Finally, MAI Capital Management lifted its position in Dutch Bros by 139.0% during the third quarter. MAI Capital Management now owns 834 shares of the company’s stock worth $44,000 after buying an additional 485 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

BROS stock opened at $52.05 on Friday. 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 1 year low of $44.58 and a 1 year high of $77.88. The firm has a market cap of $9.09 billion, a P/E ratio of 81.33, a price-to-earnings-growth ratio of 1.70 and a beta of 2.40. The stock has a 50-day simple moving average of $52.54 and a 200-day simple moving average of $55.66.

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

Insider Activity

In related news, Director Todd Allan Penegor bought 2,000 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $51.17 per share, for a total transaction of $102,340.00. Following the completion of the purchase, the director owned 5,358 shares in the company, valued at $274,168.86. This represents a 59.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 38.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on BROS shares. KeyCorp increased their target price on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. TD Cowen reiterated a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a research report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a research report on Wednesday. The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, March 2nd. Finally, Oppenheimer assumed coverage on Dutch Bros in a research report on Friday, May 1st. They set an “outperform” rating and a $72.00 target price on the stock. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Dutch Bros 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.