VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 18,400 Dutch Bros Inc. $BROS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Dutch Bros Inc. (NYSE:BROSFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,400 shares of the company’s stock, valued at approximately $1,321,000.

Several other institutional investors have also modified their holdings of the business. Osterweis Capital Management Inc. bought a new position in Dutch Bros in the second quarter valued at approximately $27,000. Ancora Advisors LLC bought a new position in shares of Dutch Bros in the 2nd quarter valued at about $29,000. Rakuten Securities Inc. increased its position in shares of Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the last quarter. Ankerstar Wealth LLC acquired a new position in Dutch Bros during the fourth quarter valued at approximately $31,000. Finally, Quarry LP grew its stake in Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Insiders Place Their Bets

In other Dutch Bros news, Director Todd Penegor purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $51.56 per share, for a total transaction of $103,120.00. Following the purchase, the director owned 7,358 shares in the company, valued at approximately $379,378.48. The trade was a 37.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 38.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. DA Davidson lowered their price target on Dutch Bros from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Royal Bank Of Canada cut their price objective on Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Stephens reissued an “overweight” rating and issued a $80.00 target price on shares of Dutch Bros in a research note on Thursday, August 6th. Morgan Stanley boosted their target price on shares of Dutch Bros from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, Freedom Capital raised shares of Dutch Bros to a “strong-buy” rating in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.45.

Check Out Our Latest Stock Report on Dutch Bros

Dutch Bros Price Performance

Shares of NYSE BROS opened at $43.91 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $56.65 and its two-hundred day moving average price is $56.25. The company has a market cap of $7.67 billion, a PE ratio of 60.99, a price-to-earnings-growth ratio of 1.57 and a beta of 2.28. Dutch Bros Inc. has a twelve month low of $43.29 and a twelve month high of $74.02.

Dutch Bros (NYSE:BROSGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The company had revenue of $550.85 million during the quarter, compared to analysts’ expectations of $525.38 million. During the same period last year, the firm posted $0.26 earnings per share. The business’s revenue was up 32.5% on a year-over-year basis. On average, analysts predict that Dutch Bros Inc. will post 0.87 EPS for the current year.

Dutch Bros Company Profile

(Free Report)

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company has expanded from a single coffee cart into a national chain with locations in more than 20 states.

Dutch Bros’ menu includes specialty espresso-based coffees, cold brew, teas, Dutch Bros Blue Rebel energy drinks, smoothies, lemonades, sodas and other flavored beverages. Its shops emphasize drive-thru convenience, customizable drinks and customer-focused service, with some locations also offering walk-up windows or limited indoor seating.

The company combines company-operated shops with franchised locations, although its growth strategy has increasingly emphasized company-operated stores.

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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