Teacher Retirement System of Texas Has $1.96 Million Stake in Dutch Bros Inc. $BROS

Teacher Retirement System of Texas boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 54.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,648 shares of the company’s stock after buying an additional 10,122 shares during the quarter. Teacher Retirement System of Texas’ holdings in Dutch Bros were worth $1,959,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in shares of Dutch Bros during the 1st quarter worth about $31,000. Kiker Wealth Management LLC lifted its holdings in Dutch Bros by 4,423.1% during the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock valued at $40,000 after purchasing an additional 575 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of Dutch Bros in the 1st quarter worth approximately $38,000. GAMMA Investing LLC boosted its holdings in shares of Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after acquiring an additional 378 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new position in Dutch Bros in the 1st quarter worth approximately $54,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Down 2.0%

Shares of BROS opened at $54.42 on Tuesday. Dutch Bros Inc. has a one year low of $32.68 and a one year high of $86.88. The company has a market cap of $8.95 billion, a P/E ratio of 115.78, a P/E/G ratio of 2.74 and a beta of 2.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $58.78 and a two-hundred day simple moving average of $63.21.

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

Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $81,486,678.07. Following the completion of the sale, the chairman directly owned 1,279,144 shares in the company, valued at $83,361,814.48. This represents a 49.43% decrease in their ownership of the stock. The transaction 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 stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the sale, the insider directly owned 1,279,144 shares of the company’s stock, valued at $83,361,814.48. This represents a 27.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,161,101 shares of company stock valued at $207,633,882 over the last quarter. Company insiders own 42.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. UBS Group restated a “buy” rating and set a $85.00 price objective on shares of Dutch Bros in a research note on Tuesday, October 28th. Morgan Stanley boosted their target price on shares of Dutch Bros from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a research note on Monday, October 27th. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $77.00.

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.