Empowered Funds LLC Takes Position in Dutch Bros Inc. (NYSE:BROS)

Empowered Funds LLC acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,210 shares of the company's stock, valued at approximately $1,530,000.

Several other hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Dutch Bros during the 4th quarter valued at $25,000. Fortitude Family Office LLC purchased a new stake in Dutch Bros during the fourth quarter valued at about $41,000. Hollencrest Capital Management boosted its position in 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 during the period. Point72 Hong Kong Ltd purchased a new position in shares of Dutch Bros in the third quarter worth about $36,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $60,000. Institutional investors own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BROS. William Blair reaffirmed an "outperform" rating on shares of Dutch Bros in a report on Tuesday, December 17th. Wedbush raised their price target on Dutch Bros from $65.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Baird R W upgraded Dutch Bros from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. TD Cowen raised their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Bank of America upped their price target on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $74.83.

Dutch Bros Price Performance

Shares of NYSE:BROS traded down $0.44 during trading on Wednesday, reaching $84.93. The company had a trading volume of 1,939,448 shares, compared to its average volume of 2,947,749. The company has a fifty day moving average of $59.46 and a two-hundred day moving average of $45.23. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $13.10 billion, a P/E ratio of 249.80, a price-to-earnings-growth ratio of 4.71 and a beta of 2.73. Dutch Bros Inc. has a 12 month low of $26.38 and a 12 month high of $86.88.

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.