KBC Group NV Has $233,000 Position in Dutch Bros Inc. (NYSE:BROS)

KBC Group NV lifted its position in Dutch Bros Inc. (NYSE:BROS) by 46.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,440 shares of the company’s stock after acquiring an additional 1,415 shares during the period. KBC Group NV’s holdings in Dutch Bros were worth $233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in Dutch Bros in the fourth quarter worth $41,000. Jamison Private Wealth Management Inc. increased its position in shares of Dutch Bros by 150.2% in the 3rd 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 in the last quarter. Hollencrest Capital Management raised its stake in Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Dutch Bros during the second quarter worth about $44,000. Finally, Point72 Hong Kong Ltd acquired a new position in Dutch Bros in the third quarter valued at about $36,000. Institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen lifted their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 7th. William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. JPMorgan Chase & Co. upped their price target on shares of Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Stifel Nicolaus raised their price objective on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Bank of America upped their target price 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. One 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. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $60.09.

Dutch Bros Trading Up 2.0 %

Shares of Dutch Bros stock opened at $64.60 on Wednesday. The stock has a market cap of $9.96 billion, a P/E ratio of 222.78, a P/E/G ratio of 3.58 and a beta of 2.73. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros Inc. has a 12-month low of $25.46 and a 12-month high of $64.92. The business’s 50 day moving average is $56.31 and its 200-day moving average is $43.12.

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. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The firm had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities research analysts predict that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Dutch Bros Company Profile

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.