Public Employees Retirement System of Ohio Sells 6,377 Shares of Dutch Bros Inc. (NYSE:BROS)

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

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Dutch Bros by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company's stock worth $533,465,000 after acquiring an additional 153,070 shares in the last quarter. FMR LLC increased its stake in shares of Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company's stock worth $341,333,000 after purchasing an additional 3,227,435 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Dutch Bros by 14.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company's stock valued at $268,095,000 after buying an additional 627,875 shares in the last quarter. FIL Ltd purchased a new position in shares of Dutch Bros during the 4th quarter valued at $176,298,000. Finally, Raymond James Financial Inc. bought a new position in Dutch Bros in the 4th quarter worth $94,478,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on BROS. Piper Sandler decreased 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. Stifel Nicolaus decreased their target price on Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Guggenheim upped their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, March 31st. Wells Fargo & Company initiated coverage on shares of Dutch Bros in a research report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $75.73.

Insider Activity

In other news, Chairman Travis Boersma sold 531,526 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the sale, the chairman now directly owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. This represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total value of $7,855,436.40. Following the transaction, the insider now owns 2,099,499 shares of the company's stock, valued at approximately $138,461,959.05. The trade was a 5.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. 42.40% of the stock is currently owned by company insiders.

Dutch Bros Price Performance

Shares of Dutch Bros stock traded up $2.70 during trading hours on Friday, reaching $72.43. The company's stock had a trading volume of 2,975,976 shares, compared to its average volume of 3,179,050. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros Inc. has a one year low of $26.96 and a one year high of $86.88. The firm has a 50 day moving average price of $62.69 and a 200-day moving average price of $61.56. The stock has a market cap of $11.91 billion, a P/E ratio of 213.04, a P/E/G ratio of 4.23 and a beta of 2.71.

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

About Dutch Bros

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.