Strs Ohio Invests $669,000 in Dutch Bros Inc. $BROS

Key Points

• Strs Ohio has acquired a new position in Dutch Bros Inc., purchasing 10,830 shares valued at approximately $669,000 during the 1st quarter.
• Major shareholder Dm Individual Aggregator, Llc significantly reduced their holdings by selling 482,750 shares for over $31 million, which led to a 27.40% decrease in their position.
• Analysts are optimistic about Dutch Bros, with several brokerages raising price targets, leading to an average price target of $80.06 and a majority rating of "Buy".

Strs Ohio purchased a new stake in Dutch Bros Inc. (NYSE:BROS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,830 shares of the company's stock, valued at approximately $669,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new position in Dutch Bros during the 1st quarter worth about $31,000. Cullen Frost Bankers Inc. purchased a new stake in Dutch Bros during the first quarter worth about $31,000. Banque Transatlantique SA purchased a new position in Dutch Bros in the 1st quarter valued at approximately $38,000. Gould Capital LLC grew its position in shares of Dutch Bros by 20.4% during the fourth quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after buying an additional 140 shares in the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Dutch Bros in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 787,681 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.94, for a total value of $54,302,728.14. Following the completion of the sale, the chairman owned 975,031 shares of the company's stock, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock valued at $207,633,882 in the last ninety days. Insiders own 42.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BROS. UBS Group raised their price objective on shares of Dutch Bros from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Guggenheim boosted their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Bank of America upped their price target on shares of Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research report on Monday, July 14th. Finally, TD Cowen reiterated a "buy" rating and set a $86.00 price target on shares of Dutch Bros in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of "Buy" and an average price target of $80.06.

Dutch Bros Trading Up 1.6%

NYSE:BROS traded up $0.88 during trading hours on Tuesday, hitting $56.14. 790,749 shares of the stock were exchanged, compared to its average volume of 3,255,780. The company's 50 day moving average is $64.17 and its two-hundred day moving average is $64.62. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $9.24 billion, a P/E ratio of 119.46, a price-to-earnings-growth ratio of 3.24 and a beta of 2.64. Dutch Bros Inc. has a twelve month low of $30.49 and a twelve month high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The company had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. During the same quarter last year, the firm earned $0.19 EPS. The company's revenue for the quarter was up 28.0% on a year-over-year basis. On average, sell-side analysts anticipate that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

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.