Janney Montgomery Scott LLC Increases Stock Position in Dutch Bros Inc. (NYSE:BROS)

Janney Montgomery Scott LLC grew its position in shares of Dutch Bros Inc. (NYSE:BROS) by 68.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,688 shares of the company’s stock after purchasing an additional 14,970 shares during the period. Janney Montgomery Scott LLC’s holdings in Dutch Bros were worth $1,922,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BROS. Jamison Private Wealth Management Inc. boosted its stake in Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the last quarter. Hollencrest Capital Management boosted its position in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after acquiring an additional 314 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Dutch Bros in the third quarter valued at $36,000. nVerses Capital LLC bought a new stake in Dutch Bros in the third quarter worth $38,000. Finally, Fortitude Family Office LLC purchased a new stake in Dutch Bros during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Down 1.0 %

NYSE BROS opened at $62.57 on Monday. The company’s 50-day moving average price is $55.85 and its 200-day moving average price is $42.77. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The stock has a market cap of $9.65 billion, a PE ratio of 215.76, a PEG ratio of 3.54 and a beta of 2.71. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $63.98.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS. Equities research analysts forecast that Dutch Bros Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on BROS. Bank of America lifted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. TD Cowen boosted their target price on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Baird R W raised shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Buy” and an average price target 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.