Teacher Retirement System of Texas Invests $1.14 Million in Dutch Bros Inc. (NYSE:BROS)

Teacher Retirement System of Texas purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,526 shares of the company's stock, valued at approximately $1,144,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gould Capital LLC raised its stake in Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares in the last quarter. Copia Wealth Management raised its stake in Dutch Bros by 14.7% during the 1st quarter. Copia Wealth Management now owns 1,595 shares of the company's stock worth $98,000 after acquiring an additional 205 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Dutch Bros by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock valued at $2,517,000 after purchasing an additional 310 shares during the period. GAMMA Investing LLC increased its stake in Dutch Bros by 85.3% in the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock valued at $51,000 after purchasing an additional 378 shares during the period. Finally, Level Four Advisory Services LLC increased its stake in Dutch Bros by 6.1% in the fourth quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock valued at $356,000 after purchasing an additional 392 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $10,641,352.28. Following the sale, the insider owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This represents a 7.59% 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, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction dated 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 completion of the sale, the chairman directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This trade represents a 27.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock worth $237,721,138 in the last ninety days. Insiders own 42.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on BROS shares. Wells Fargo & Company started coverage on shares of Dutch Bros in a research note on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective on the stock. Stifel Nicolaus dropped their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Wedbush restated an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. Barclays lifted their price objective on shares of Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, UBS Group dropped their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.94.

Dutch Bros Stock Down 0.8%

BROS stock opened at $63.23 on Monday. The company has a market cap of $10.40 billion, a P/E ratio of 162.13, a P/E/G ratio of 3.79 and a beta of 2.65. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88. The company's 50-day moving average price is $68.49 and its 200 day moving average price is $65.06. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80.

Dutch Bros (NYSE:BROS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $355.15 million for 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 firm's revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, research analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal 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.

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