Maryland State Retirement & Pension System Invests $295,000 in Dutch Bros Inc. (NYSE:BROS)

Maryland State Retirement & Pension System acquired a new position in Dutch Bros Inc. (NYSE:BROS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,132 shares of the company’s stock, valued at approximately $295,000.

Other hedge funds have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of Dutch Bros in the first quarter worth about $26,000. AdvisorShares Investments LLC bought a new position in Dutch Bros during the fourth quarter valued at approximately $146,000. Newbridge Financial Services Group Inc. bought a new position in Dutch Bros during the first quarter valued at approximately $155,000. RiverPark Advisors LLC bought a new position in Dutch Bros during the second quarter valued at approximately $165,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in Dutch Bros by 33.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 4,330 shares of the company’s stock valued at $179,000 after buying an additional 1,080 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Trading Up 1.8 %

Shares of NYSE BROS opened at $31.38 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The business’s 50 day moving average price is $36.23 and its 200-day moving average price is $34.30. Dutch Bros Inc. has a fifty-two week low of $22.67 and a fifty-two week high of $43.49. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 174.33, a PEG ratio of 2.54 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. During the same period in the prior year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, sell-side analysts expect that Dutch Bros Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a research note on Thursday, August 8th. Bank of America increased their price target on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, August 15th. Robert W. Baird lowered their price objective on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Barclays lowered their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.73.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the transaction, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The disclosure for this sale can be found here. Insiders have sold 624,116 shares of company stock worth $19,730,335 in the last ninety days. 46.50% of the stock is owned by company insiders.

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.