Oregon Public Employees Retirement Fund Invests $1.32 Million in Dutch Bros Inc. $BROS

Oregon Public Employees Retirement Fund acquired a new stake in shares of Dutch Bros Inc. (NYSE:BROSFree Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 26,100 shares of the company’s stock, valued at approximately $1,322,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BROS. Engineers Gate Manager LP lifted its stake in shares of Dutch Bros by 59.6% in the 4th quarter. Engineers Gate Manager LP now owns 513,525 shares of the company’s stock worth $31,438,000 after purchasing an additional 191,734 shares during the period. M&T Bank Corp grew its position in shares of Dutch Bros by 1,559.3% during the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock valued at $5,959,000 after acquiring an additional 91,468 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Dutch Bros by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock worth $10,714,000 after purchasing an additional 49,194 shares in the last quarter. 1492 Capital Management LLC bought a new position in Dutch Bros in the 4th quarter worth $1,192,000. Finally, Bank of Nova Scotia lifted its position in Dutch Bros by 28.0% during the third quarter. Bank of Nova Scotia now owns 542,155 shares of the company’s stock valued at $28,377,000 after purchasing an additional 118,671 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $67.71 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Dutch Bros Inc. has a 52 week low of $44.58 and a 52 week high of $74.65. The stock’s 50-day simple moving average is $60.77 and its 200-day simple moving average is $57.22. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 105.80, a PEG ratio of 2.18 and a beta of 2.31.

Dutch Bros (NYSE:BROSGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.69 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. As a group, analysts expect that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on BROS. Telsey Advisory Group started coverage on Dutch Bros in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price target for the company. Oppenheimer boosted their price objective on Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Piper Sandler increased their target price on shares of Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. BNP Paribas Exane began coverage on shares of Dutch Bros in a research note on Monday, March 30th. They set an “outperform” rating and a $73.00 target price on the stock. Finally, DA Davidson upped their price target on shares of Dutch Bros from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Check Out Our Latest Analysis on BROS

Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 750,000 shares of the company’s 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 completion of the transaction, the chairman owned 2,410,800 shares in the company, valued at approximately $151,928,616. This represents a 23.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 9.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,086,245 shares of company stock worth $243,021,771 in the last three months. Insiders own 38.90% of the company’s stock.

Dutch Bros News Roundup

Here are the key news stories impacting Dutch Bros this week:

Dutch Bros Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Dutch Bros (NYSE:BROS)

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