Illinois Municipal Retirement Fund Invests $776,000 in Dutch Bros Inc. (NYSE:BROS)

Illinois Municipal Retirement Fund purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,566 shares of the company's stock, valued at approximately $776,000.

Other hedge funds also recently modified their holdings of the company. Coppell Advisory Solutions LLC lifted its position in shares of Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares during the period. AdvisorNet Financial Inc bought a new position in Dutch Bros during the first quarter worth $31,000. Bernard Wealth Management Corp. acquired a new position in Dutch Bros in the fourth quarter valued at $43,000. Gould Capital LLC boosted its position in Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after acquiring an additional 140 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after acquiring an additional 378 shares during the period. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded up $1.08 during mid-day trading on Friday, hitting $67.13. 1,485,532 shares of the stock were exchanged, compared to its average volume of 3,113,515. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The company has a 50-day simple moving average of $67.96 and a 200 day simple moving average of $64.41. The company has a market capitalization of $11.04 billion, a P/E ratio of 172.12, a P/E/G ratio of 3.95 and a beta of 2.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.75 and a current ratio of 1.95.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The company's revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. Sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the sale, the insider owned 2,373,933 shares of the company's stock, valued at $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the completion of the transaction, the chairman directly owned 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock valued at $237,721,138 in the last quarter. Company insiders own 42.40% of the company's stock.

Wall Street Analyst Weigh In

BROS has been the topic of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on Dutch Bros in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $83.00 price objective on the stock. Barclays boosted their target price on Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Piper Sandler cut their price target on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. UBS Group decreased their price objective on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Guggenheim upped their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.94.

Dutch Bros Profile

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.