Teacher Retirement System of Texas Cuts Stock Holdings in Dutch Bros Inc. $BROS

Teacher Retirement System of Texas reduced its position in shares of Dutch Bros Inc. (NYSE:BROS) by 2.7% in the 4th quarter, HoldingsChannel reports. The firm owned 476,859 shares of the company’s stock after selling 13,369 shares during the period. Teacher Retirement System of Texas’ holdings in Dutch Bros were worth $29,193,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BROS shares. UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Friday, April 10th. Evercore set a $73.00 price target on shares of Dutch Bros in a report on Monday, January 5th. TD Cowen reissued a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a report on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 price target on shares of Dutch Bros in a report on Friday, February 13th. Finally, The Goldman Sachs Group raised shares of 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.52.

Dutch Bros Trading Down 2.7%

Shares of Dutch Bros stock opened at $54.56 on Friday. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $77.88. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. The stock has a market cap of $8.98 billion, a PE ratio of 85.25, a price-to-earnings-growth ratio of 2.05 and a beta of 2.50. The company has a 50-day moving average of $51.84 and a two-hundred day moving average of $55.71.

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

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.