Cambridge Investment Research Advisors Inc. Sells 1,521 Shares of Dutch Bros Inc. (NYSE:BROS)

Posted by on May 18th, 2023

Cambridge Investment Research Advisors Inc. lessened its holdings in Dutch Bros Inc. (NYSE:BROS – Get Rating) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,965 shares of the company’s stock after selling 1,521 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.12% of Dutch Bros worth $1,578,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BROS. Marshall Wace LLP acquired a new position in Dutch Bros during the third quarter worth $52,319,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Dutch Bros by 5.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,024,255 shares of the company’s stock valued at $32,418,000 after purchasing an additional 49,097 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Dutch Bros by 33.3% in the first quarter. Federated Hermes Inc. now owns 800,000 shares of the company’s stock valued at $44,216,000 after purchasing an additional 200,000 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Dutch Bros by 72.0% in the first quarter. Clearbridge Investments LLC now owns 516,394 shares of the company’s stock valued at $28,541,000 after purchasing an additional 216,194 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Dutch Bros by 12.0% in the third quarter. BlackRock Inc. now owns 508,453 shares of the company’s stock valued at $15,839,000 after purchasing an additional 54,384 shares during the last quarter.

Dutch Bros Stock Performance

Shares of BROS stock opened at $28.35 on Thursday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -405.00 and a beta of 2.65. Dutch Bros Inc. has a 52 week low of $24.81 and a 52 week high of $54.18. The company has a quick ratio of 0.15, a current ratio of 0.32 and a debt-to-equity ratio of 1.49. The firm has a 50 day moving average of $30.59 and a 200-day moving average of $32.87.

Dutch Bros (NYSE:BROS – Get Rating) last issued its earnings results on Wednesday, February 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.14). Dutch Bros had a negative return on equity of 5.07% and a negative net margin of 0.47%. The firm had revenue of $201.83 million during the quarter, compared to the consensus estimate of $197.73 million. On average, equities analysts forecast that Dutch Bros Inc. will post -0.05 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on BROS shares. Stifel Nicolaus decreased their price target on shares of Dutch Bros from $37.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, April 4th. JPMorgan Chase & Co. cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $32.00 in a report on Wednesday, May 10th. Guggenheim assumed coverage on shares of Dutch Bros in a report on Thursday, February 16th. They issued a “neutral” rating and a $37.00 target price for the company. Barclays increased their target price on shares of Dutch Bros from $29.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 26th. Finally, Cowen reissued an “outperform” rating and issued a $43.00 target price on shares of Dutch Bros in a report on Thursday, February 23rd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Hold” and an average target price of $37.73.

About Dutch Bros

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Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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