Dutch Bros Inc. (NYSE:BROS) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,057 shares of the company's stock after selling 6,377 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of Dutch Bros worth $4,874,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd acquired a new position in Dutch Bros in the 4th quarter worth approximately $25,000. Coppell Advisory Solutions LLC increased its stake in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after acquiring an additional 447 shares during the period. Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the fourth quarter worth $43,000. SBI Securities Co. Ltd. acquired a new stake in shares of Dutch Bros in the fourth quarter worth $53,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros in the fourth quarter worth $60,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Price Performance

Shares of NYSE BROS traded down $0.60 during trading on Monday, hitting $71.60. The company had a trading volume of 3,140,844 shares, compared to its average volume of 3,178,905. The stock has a fifty day simple moving average of $62.75 and a two-hundred day simple moving average of $61.84. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 210.61, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company had revenue of $355.15 million for the quarter, compared to analysts' expectations of $343.30 million. During the same period in the previous year, the firm posted $0.09 EPS. Dutch Bros's revenue was up 28.7% compared to the same quarter last year. On average, research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BROS has been the topic of several analyst reports. TD Securities reaffirmed a "buy" rating and set a $78.00 price target on shares of Dutch Bros in a research report on Thursday, May 8th. UBS Group dropped their target price on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Piper Sandler dropped their target price on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Robert W. Baird raised their price objective on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the stock an "overweight" rating in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $75.73.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the transaction, the insider now directly owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 540,638 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total value of $35,655,076.10. Following the transaction, the chairman now directly owns 2,099,499 shares in the company, valued at $138,461,959.05. This trade represents a 20.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock valued at $237,721,138 over the last ninety days. Insiders own 42.40% of the company's stock.

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.