Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases New Position in Dutch Bros Inc. $BROS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Dutch Bros Inc. (NYSE:BROS) in the first quarter, HoldingsChannel reports. The firm bought 31,828 shares of the company’s stock, valued at approximately $1,612,000.

A number of other large investors have also added to or reduced their stakes in the stock. Osterweis Capital Management Inc. bought a new position in Dutch Bros in the 2nd quarter valued at approximately $27,000. Brown Lisle Cummings Inc. purchased a new position in shares of Dutch Bros in the fourth quarter worth approximately $31,000. Rakuten Securities Inc. grew its position in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the period. Ankerstar Wealth LLC purchased a new stake in Dutch Bros in the fourth quarter worth about $31,000. Finally, Quarry LP increased its holdings in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after acquiring an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BROS shares. BNP Paribas Exane assumed coverage on Dutch Bros in a report on Monday, March 30th. They set an “outperform” rating and a $73.00 price target on the stock. Citigroup increased their price objective on shares of Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Telsey Advisory Group assumed coverage on Dutch Bros in a report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price target on the stock. Piper Sandler lifted their price objective on shares of Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Finally, KeyCorp raised their target price on shares of Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and an average price target of $77.50.

Dutch Bros Price Performance

NYSE BROS opened at $65.45 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65. The company has a market cap of $11.43 billion, a price-to-earnings ratio of 102.26, a PEG ratio of 2.06 and a beta of 2.31. The stock’s fifty day moving average price is $61.42 and its 200 day moving average price is $57.25.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.Dutch Bros’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. As a group, equities research analysts forecast that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the transaction, the insider owned 2,410,800 shares in the company, valued at approximately $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the transaction, the chairman directly owned 2,410,800 shares in the company, valued at approximately $151,928,616. The trade was a 23.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,086,245 shares of company stock valued at $243,021,771 over the last three months. 38.90% of the stock is currently owned by corporate insiders.

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.