Equitable Trust Co. Acquires Stake in Dutch Bros Inc.

Equitable Trust Co. has made a notable investment by purchasing a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, as reported in their recent Form 13F filing with the U.S. Securities and Exchange Commission (SEC). The firm acquired 7,649 shares of Dutch Bros stock, which are valued at approximately $401,000.

In addition to Equitable Trust Co., several other institutional investors have also altered their positions in Dutch Bros. For instance, Virtu Financial LLC initiated a new position during the third quarter, valued at about $573,000. Similarly, Baillie Gifford & Co. added a significant new stake in Dutch Bros, with a value of around $224,461,000. On the other hand, Charles Schwab Investment Management Inc. increased its holdings in Dutch Bros by 35.9% in the same quarter. Now, the firm owns 687,527 shares worth approximately $22,021,000 after acquiring an additional 181,636 shares last quarter. Furthermore, UBS AM, a distinct unit of UBS Asset Management Americas LLC, raised its stake by 38.0%, bringing its total to 212,834 shares currently valued at $6,817,000 following an increase of 58,623 shares during the last quarter. Clear Creek Financial Management LLC also established a new position in Dutch Bros in the fourth quarter, valued at about $288,000. Notably, a substantial 85.54% of Dutch Bros stock is currently held by institutional investors.

Market Performance

The shares of Dutch Bros (NYSE:BROS) saw a decline of 3.9%. On a recent trading day, the stock opened at $63.96. The company has a current ratio of 1.90, a quick ratio of 1.68, and a debt-to-equity ratio of 0.79. Over the past year, the stock has fluctuated between a low of $26.32 and a high of $68.47, with a 50-day moving average at $57.54 and a two-hundred day moving average at $44.11. The firm's current market capitalization is approximately $9.86 billion, with a PE ratio of 220.57 and a PEG ratio of 3.88, alongside a beta of 2.73.

Analyst Insights

Recently, a variety of analysts have provided updated insights on Dutch Bros shares. Piper Sandler recently adjusted their target price for the stock from $36.00 to $51.00, maintaining a "neutral" rating. On the other hand, Wedbush raised their price target from $45.00 to $55.00, assigning an "outperform" rating. TD Cowen also boosted their target price for the stock, increasing it from $47.00 to $53.00 and assigning a rating of "buy." Meanwhile, JPMorgan Chase & Co. increased their price target from $48.00 to $58.00, attributing an "overweight" rating to the stock. Additionally, Bank of America raised their target price from $61.00 to $72.00, granting a "buy" rating in their latest review. Overall, among analysts, one has rated the stock as a hold, eleven suggest a buy, and one issued a strong buy rating. MarketBeat.com data indicates that the average rating for the company is "Buy," with a consensus price target of $60.09.

Company Overview

Dutch Bros Inc. operates and franchises drive-thru coffee shops across the United States. The company manages its operations through two segments: Company-Operated Shops and Franchising and Other. Its product offerings are available both at company-operated locations and online under various brand names, including Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, and Blue Rebel.

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