Dutch Bros Inc. $BROS Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 476,859 shares of the company’s stock after selling 13,369 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.29% of Dutch Bros worth $29,193,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. M&T Bank Corp lifted its holdings in shares of Dutch Bros by 1,559.3% in the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock valued at $5,959,000 after purchasing an additional 91,468 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Dutch Bros by 13.1% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 86,172 shares of the company’s stock valued at $5,275,000 after purchasing an additional 9,978 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Dutch Bros by 4.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,763 shares of the company’s stock valued at $1,577,000 after purchasing an additional 1,214 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of Dutch Bros by 1.5% in the 4th quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock valued at $160,732,000 after purchasing an additional 39,781 shares during the last quarter. Finally, Ninety One North America Inc. purchased a new stake in shares of Dutch Bros in the 4th quarter valued at about $2,169,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Down 2.7%

BROS opened at $54.56 on Friday. The business has a 50 day moving average price of $51.84 and a two-hundred day moving average price of $55.71. The company has a quick ratio of 1.28, a current ratio of 1.49 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.98 billion, a PE ratio of 85.25, a P/E/G ratio of 2.05 and a beta of 2.50. Dutch Bros Inc. has a 52 week low of $44.58 and a 52 week high of $77.88.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The firm had revenue of $443.61 million during the quarter, compared to the consensus estimate of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The firm’s revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS. As a group, research analysts anticipate that Dutch Bros Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, March 2nd. Evercore set a $73.00 target price on Dutch Bros in a report on Monday, January 5th. Sanford C. Bernstein reissued an “overweight” rating and issued a $76.00 target price on shares of Dutch Bros in a report on Wednesday, January 7th. DA Davidson began coverage on Dutch Bros in a report on Friday, March 6th. They issued a “buy” rating and a $67.00 target price for the company. Finally, TD Cowen reaffirmed a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.52.

Dutch Bros Company Profile

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.