GPS Wealth Strategies Group LLC Decreases Stake in Dutch Bros Inc. (NYSE:BROS)

GPS Wealth Strategies Group LLC cut its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,245 shares of the company’s stock after selling 179 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Dutch Bros were worth $222,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Baillie Gifford & Co. purchased a new stake in Dutch Bros during the third quarter worth about $224,461,000. Wasatch Advisors LP lifted its position in shares of Dutch Bros by 232.1% during the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares during the period. Wellington Management Group LLP boosted its stake in shares of Dutch Bros by 135.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after acquiring an additional 1,141,913 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Dutch Bros by 58.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock worth $64,715,000 after acquiring an additional 741,771 shares during the period. Finally, Joho Capital LLC increased its stake in Dutch Bros by 40.7% in the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock valued at $61,482,000 after purchasing an additional 555,000 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of BROS opened at $62.57 on Monday. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $63.98. The company’s 50 day simple moving average is $55.85 and its 200 day simple moving average is $42.77. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 215.76, a PEG ratio of 3.54 and a beta of 2.71. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period in the prior year, the firm posted $0.08 EPS. The company’s revenue was up 27.9% on a year-over-year basis. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on BROS shares. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. TD Cowen boosted their price objective on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler raised their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, UBS Group increased their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $60.09.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.