New York State Common Retirement Fund Has $5.98 Million Position in Dutch Bros Inc. (NYSE:BROS)

New York State Common Retirement Fund trimmed its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 61.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,862 shares of the company's stock after selling 151,561 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Dutch Bros worth $5,980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. AdvisorNet Financial Inc bought a new stake in shares of Dutch Bros during the first quarter worth $31,000. Coppell Advisory Solutions LLC lifted its stake 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 valued at $27,000 after acquiring an additional 447 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros during the 4th quarter valued at $43,000. GAMMA Investing LLC grew its position 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 last quarter. Finally, Gould Capital LLC increased its holdings in Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 85.54% of the company's stock.

Dutch Bros Trading Down 7.1%

Dutch Bros stock traded down $4.47 during trading hours on Thursday, reaching $58.34. 5,401,324 shares of the company's stock were exchanged, compared to its average volume of 2,164,172. The firm's 50 day simple moving average is $67.97 and its 200 day simple moving average is $65.43. Dutch Bros Inc. has a twelve month low of $26.96 and a twelve month high of $86.88. The company has a quick ratio of 1.75, a current ratio of 1.95 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $9.60 billion, a PE ratio of 149.60, a PEG ratio of 3.49 and a beta of 2.65.

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

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 722,841 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the transaction, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. The trade was a 27.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the sale, the insider owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. Insiders own 42.40% of the company's stock.

Wall Street Analyst Weigh In

BROS has been the subject of several research reports. Morgan Stanley set a $80.00 target price on Dutch Bros and gave the company an "overweight" rating in a research report on Monday, April 14th. Royal Bank Of Canada started coverage on shares of Dutch Bros in a research report on Wednesday, May 14th. They set an "outperform" rating and a $83.00 target price on the stock. Wells Fargo & Company began coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 target price on the stock. CICC Research started coverage on shares of Dutch Bros in a research note on Monday, June 30th. They set an "outperform" rating and a $80.00 price target for the company. Finally, Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $76.06.

Dutch Bros Company 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.