Public Employees Retirement System of Ohio Grows Stake in Dutch Bros Inc. $BROS

Public Employees Retirement System of Ohio boosted its position in shares of Dutch Bros Inc. (NYSE:BROS) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,070 shares of the company’s stock after purchasing an additional 2,261 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Dutch Bros were worth $3,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Dutch Bros during the 4th quarter valued at $267,000. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros in the 1st quarter worth $31,000. GAMMA Investing LLC boosted its position in shares of Dutch Bros by 11,342.2% in the 1st quarter. GAMMA Investing LLC now owns 50,689 shares of the company’s stock worth $3,130,000 after purchasing an additional 50,246 shares in the last quarter. NBC Securities Inc. boosted its position in shares of Dutch Bros by 49,758.3% in the 1st quarter. NBC Securities Inc. now owns 5,983 shares of the company’s stock worth $369,000 after purchasing an additional 5,971 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Dutch Bros in the 1st quarter worth $359,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 1,250,371 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares in the company, valued at $83,361,814.48. The trade was a 49.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,161,101 shares of company stock worth $207,633,882. Insiders own 42.40% of the company’s stock.

Analyst Ratings Changes

BROS has been the subject of a number of recent analyst reports. Guggenheim raised their price objective on Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $85.00 price target on shares of Dutch Bros in a research report on Wednesday, September 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. Barclays lifted their price target on Dutch Bros from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, TD Cowen reaffirmed a “buy” rating and set a $86.00 price target on shares of Dutch Bros in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Dutch Bros presently has an average rating of “Buy” and an average price target of $79.88.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $52.31 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. Dutch Bros Inc. has a twelve month low of $30.49 and a twelve month high of $86.88. The business has a 50-day moving average price of $62.98 and a 200 day moving average price of $64.30. The firm has a market cap of $8.61 billion, a PE ratio of 111.31, a P/E/G ratio of 2.91 and a beta of 2.64.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The company had revenue of $415.81 million during the quarter, compared to analyst estimates of $403.24 million. During the same period in the previous year, the business earned $0.19 EPS. Dutch Bros’s quarterly revenue was up 28.0% on a year-over-year basis. Sell-side analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Dutch Bros Company 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.