Teachers Retirement System of The State of Kentucky bought a new position in Dutch Bros Inc. (NYSE:BROS – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 39,000 shares of the company’s stock, valued at approximately $1,975,000.
Other hedge funds also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new position in shares of Dutch Bros during the second quarter worth about $27,000. Rakuten Securities Inc. lifted its position in Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after purchasing an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in Dutch Bros during the 4th quarter valued at about $31,000. Ankerstar Wealth LLC acquired a new position in Dutch Bros during the 4th quarter valued at about $31,000. Finally, Quarry LP grew its position in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
BROS has been the topic of several analyst reports. Freedom Capital upgraded shares of Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. TD Cowen reaffirmed a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a research note on Wednesday, June 10th. Royal Bank Of Canada reissued an “outperform” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. Morgan Stanley restated an “overweight” rating and set a $88.00 price objective on shares of Dutch Bros in a research note on Wednesday. Finally, DA Davidson upped their price objective on shares of Dutch Bros from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.38.
Insider Transactions at Dutch Bros
In other news, CEO Christine Barone sold 42,031 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total value of $2,527,324.03. Following the completion of the sale, the chief executive officer owned 44,573 shares of the company’s stock, valued at $2,680,174.49. This trade represents a 48.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of Dutch Bros stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10. Following the transaction, the insider owned 2,410,800 shares in the company, valued at $151,928,616. This represents a 9.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,086,245 shares of company stock valued at $243,021,771 over the last quarter. Company insiders own 38.90% of the company’s stock.
Dutch Bros Trading Down 0.3%
Shares of NYSE:BROS opened at $63.87 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 99.80, a PEG ratio of 2.07 and a beta of 2.31. The company has a 50 day moving average price of $61.18 and a 200 day moving average price of $57.24. Dutch Bros Inc. has a 1-year low of $44.58 and a 1-year high of $74.65.
Dutch Bros (NYSE:BROS – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.69 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The firm’s revenue was up 30.7% compared to the same quarter last year. On average, research analysts anticipate that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.
About Dutch Bros
Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.
The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.
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