New York State Common Retirement Fund Buys 4,956 Shares of Dutch Bros Inc. (NYSE:BROS)

New York State Common Retirement Fund raised its stake in Dutch Bros Inc. (NYSE:BROS) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 248,423 shares of the company’s stock after acquiring an additional 4,956 shares during the quarter. New York State Common Retirement Fund’s holdings in Dutch Bros were worth $13,012,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BROS. Baillie Gifford & Co. acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at approximately $224,461,000. Wasatch Advisors LP lifted its stake in Dutch Bros by 232.1% in the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after acquiring an additional 2,885,306 shares during the last quarter. Eagle Asset Management Inc. grew its position in shares of Dutch Bros by 58.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after acquiring an additional 741,771 shares during the period. Wellington Management Group LLP increased its stake in shares of Dutch Bros by 135.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares during the last quarter. Finally, Joho Capital LLC raised its holdings in shares of Dutch Bros by 40.7% in the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock valued at $61,482,000 after purchasing an additional 555,000 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BROS shares. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. UBS Group boosted their target price on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. TD Securities raised their price target on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Finally, Robert W. Baird increased their price objective on shares of Dutch Bros from $70.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Dutch Bros has a consensus rating of “Buy” and an average price target of $74.83.

Dutch Bros Stock Down 7.2 %

NYSE BROS opened at $76.09 on Monday. 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 has a market cap of $11.73 billion, a price-to-earnings ratio of 223.79, a PEG ratio of 4.23 and a beta of 2.73. The company has a 50 day moving average of $61.83 and a 200-day moving average of $46.49. Dutch Bros Inc. has a 1-year low of $26.38 and a 1-year high of $86.88.

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.