10,300 Shares in Dutch Bros Inc. (NYSE:BROS) Purchased by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc bought a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 10,300 shares of the company’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BROS. R Squared Ltd acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $25,000. Jamison Private Wealth Management Inc. increased its position in shares of Dutch Bros by 150.2% during the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management increased its position in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after purchasing an additional 314 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros in the third quarter valued at about $36,000. Finally, nVerses Capital LLC acquired a new stake in shares of Dutch Bros in the third quarter valued at about $38,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Trading Up 2.0 %

NYSE BROS opened at $64.60 on Wednesday. The firm has a 50 day simple moving average of $56.31 and a 200-day simple moving average of $43.12. 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 Inc. has a one year low of $25.46 and a one year high of $64.92. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 222.78, a PEG ratio of 3.58 and a beta of 2.73.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BROS shares. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Piper Sandler raised their price objective on shares of Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. 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 research report on Friday, January 10th. UBS Group lifted 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. Finally, Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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.