Kestra Private Wealth Services LLC Raises Holdings in Dutch Bros Inc. (NYSE:BROS)

Kestra Private Wealth Services LLC raised its holdings in Dutch Bros Inc. (NYSE:BROS) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,620 shares of the company’s stock after purchasing an additional 1,697 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Dutch Bros were worth $1,499,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BROS. R Squared Ltd acquired a new position in Dutch Bros in the fourth quarter valued at about $25,000. Jamison Private Wealth Management Inc. raised its stake 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 acquiring an additional 500 shares during the period. Hollencrest Capital Management lifted its holdings in shares of Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $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 during the 3rd quarter worth approximately $36,000. Finally, nVerses Capital LLC purchased a new stake in shares of Dutch Bros during the third quarter worth $38,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Ratings Changes

BROS has been the subject of several recent analyst reports. William Blair restated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. 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. UBS Group boosted their price target on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wedbush raised their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $60.00 to $70.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $60.09.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $64.77 on Thursday. The stock has a market cap of $9.99 billion, a PE ratio of 223.35, a price-to-earnings-growth ratio of 3.88 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. The business has a fifty day simple moving average of $57.76 and a 200-day simple moving average of $44.25. Dutch Bros Inc. has a 12 month low of $26.32 and a 12 month high of $68.47.

Dutch Bros 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.