Empowered Funds LLC Purchases Shares of 29,210 Dutch Bros Inc. (NYSE:BROS)

Empowered Funds LLC purchased a new stake in Dutch Bros Inc. (NYSE:BROS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 29,210 shares of the company’s stock, valued at approximately $1,530,000.

A number of other hedge funds also recently bought and sold shares of BROS. Baillie Gifford & Co. acquired a new stake in Dutch Bros in the 3rd quarter valued at about $224,461,000. Wasatch Advisors LP increased its holdings in shares of Dutch Bros by 232.1% in 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 last quarter. Wellington Management Group LLP increased its holdings in shares of Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after acquiring an additional 1,141,913 shares during the last quarter. Eagle Asset Management Inc. increased 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 valued at $64,715,000 after acquiring an additional 741,771 shares during the last quarter. Finally, Joho Capital LLC increased its holdings in shares of 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 acquiring an additional 555,000 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Down 2.0 %

Dutch Bros stock opened at $81.85 on Friday. Dutch Bros Inc. has a twelve month low of $26.38 and a twelve month high of $86.42. The stock has a 50 day moving average of $58.89 and a two-hundred day moving average of $44.87. 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 capitalization of $12.62 billion, a price-to-earnings ratio of 282.26, a PEG ratio of 3.88 and a beta of 2.73.

Wall Street Analyst Weigh In

BROS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Stifel Nicolaus raised their price target on Dutch Bros from $62.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Robert W. Baird raised their price target on Dutch Bros from $70.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $74.83.

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.