Utah Retirement Systems Takes Position in Dutch Bros Inc. (NYSE:BROS)

Utah Retirement Systems acquired a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,900 shares of the company's stock, valued at approximately $309,000.

Other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Dutch Bros in the 3rd quarter valued at $573,000. Raymond James Financial Inc. acquired a new position in Dutch Bros in the fourth quarter valued at about $94,478,000. Clear Creek Financial Management LLC bought a new stake in shares of Dutch Bros in the fourth quarter worth about $288,000. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Dutch Bros during the fourth quarter worth about $304,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Dutch Bros by 2.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 885,055 shares of the company's stock valued at $49,785,000 after purchasing an additional 17,402 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Price Performance

Shares of BROS opened at $61.13 on Friday. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 179.80, a PEG ratio of 4.23 and a beta of 2.71. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The company's fifty day simple moving average is $62.46 and its 200 day simple moving average is $57.39. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BROS. Robert W. Baird lowered their target price on Dutch Bros from $80.00 to $66.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Barclays lowered their price objective on shares of Dutch Bros from $94.00 to $76.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group boosted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Stifel Nicolaus increased their target price on Dutch Bros from $74.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Bank of America boosted their price target on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $76.57.

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 291,707 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $22,674,385.11. Following the transaction, the insider now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. The trade was a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 471,718 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38. Following the sale, the chairman now directly owns 2,310,834 shares of the company's stock, valued at $175,415,408.94. This represents a 16.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,643,632 shares of company stock worth $201,509,627 in 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.

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