Public Employees Retirement Association of Colorado Purchases Shares of 6,230 Dutch Bros Inc. (NYSE:BROS)

Public Employees Retirement Association of Colorado acquired a new stake in Dutch Bros Inc. (NYSE:BROS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,230 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds have also recently made changes to their positions in the company. Keudell Morrison Wealth Management raised its holdings in shares of Dutch Bros by 5.2% in the 2nd quarter. Keudell Morrison Wealth Management now owns 10,546 shares of the company’s stock worth $437,000 after acquiring an additional 524 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Dutch Bros during the 2nd quarter worth approximately $27,000. Wealth Management Partners LLC raised its stake in shares of Dutch Bros by 4.2% in the first quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock worth $620,000 after purchasing an additional 756 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in shares of Dutch Bros during the first quarter valued at approximately $26,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Trading Down 0.6 %

Shares of BROS stock opened at $32.46 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The firm has a market cap of $5.01 billion, a P/E ratio of 180.34, a PEG ratio of 2.84 and a beta of 2.49. The company has a 50 day moving average of $33.61 and a 200-day moving average of $34.77. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $43.49.

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

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 800 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the completion of the transaction, the chairman now owns 466,828 shares in the company, valued at $14,938,496. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Travis Boersma sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the sale, the chairman now owns 466,828 shares of the company’s stock, valued at $14,938,496. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total transaction of $156,446.00. Following the completion of the transaction, the insider now directly owns 507,700 shares of the company’s stock, valued at $17,266,877. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,128,885 shares of company stock worth $36,124,009. Company insiders own 46.50% of the company’s stock.

Wall Street Analyst Weigh In

BROS has been the subject of a number of analyst reports. 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 report on Thursday, August 15th. Stifel Nicolaus lowered their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Robert W. Baird cut their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Dutch Bros in a research report on Thursday, September 12th. Finally, Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and an average price target of $39.73.

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.