5,234 Shares in Dutch Bros Inc. (NYSE:BROS) Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System purchased a new stake in Dutch Bros Inc. (NYSE:BROS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,234 shares of the company’s stock, valued at approximately $274,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Xponance Inc. lifted its holdings in shares of Dutch Bros by 15.5% in the 4th quarter. Xponance Inc. now owns 8,779 shares of the company’s stock valued at $460,000 after buying an additional 1,175 shares during the period. William Blair Investment Management LLC raised its position in Dutch Bros by 15.9% during the fourth quarter. William Blair Investment Management LLC now owns 392,513 shares of the company’s stock valued at $20,560,000 after acquiring an additional 53,838 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Dutch Bros in the fourth quarter valued at approximately $300,000. Polen Capital Management LLC boosted its position in Dutch Bros by 137.4% in the 4th quarter. Polen Capital Management LLC now owns 105,023 shares of the company’s stock worth $5,501,000 after purchasing an additional 60,782 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Dutch Bros by 0.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 161,711 shares of the company’s stock valued at $8,470,000 after buying an additional 679 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Stock Down 0.9 %

Shares of BROS opened at $69.81 on Wednesday. The stock has a fifty day simple moving average of $67.55 and a two-hundred day simple moving average of $52.19. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $10.76 billion, a PE ratio of 205.33, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65. Dutch Bros Inc. has a 52-week low of $26.85 and a 52-week high of $86.88.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the sale, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This trade represents a 20.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the completion of the transaction, the insider now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 9.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock valued at $201,509,627 over the last ninety days. Company insiders own 46.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BROS shares. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Wedbush upped their price target on Dutch Bros from $65.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. UBS Group raised their price objective on Dutch Bros from $67.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Bank of America upped their target price on Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Robert W. Baird lifted their price target on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Dutch Bros has a consensus rating of “Buy” and an average target price of $76.23.

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.