Arizona State Retirement System Acquires 3,952 Shares of Dutch Bros Inc. (NYSE:BROS)

Arizona State Retirement System boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 33.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,654 shares of the company’s stock after acquiring an additional 3,952 shares during the period. Arizona State Retirement System’s holdings in Dutch Bros were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Cedar Mountain Advisors LLC lifted its position in shares of Dutch Bros by 61.4% during the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock valued at $25,000 after buying an additional 415 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Dutch Bros by 87.9% during the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $35,000 after buying an additional 521 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of Dutch Bros in the 4th quarter valued at approximately $36,000. Clear Street Markets LLC purchased a new position in shares of Dutch Bros in the 4th quarter valued at approximately $41,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of Dutch Bros by 28.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,560 shares of the company’s stock valued at $43,000 after purchasing an additional 350 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dutch Bros

In other news, COO Brian Maxwell sold 1,474 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the sale, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at approximately $36,387,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Brian Maxwell sold 1,474 shares of Dutch Bros stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total value of $51,590.00. Following the sale, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at approximately $36,387,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of Dutch Bros stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The disclosure for this sale can be found here. Insiders have sold 17,907,188 shares of company stock valued at $561,438,392 in the last 90 days. 46.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BROS shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Dutch Bros in a research report on Wednesday, April 3rd. Guggenheim reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Dutch Bros in a research report on Friday, April 5th. Wedbush reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of Dutch Bros in a research report on Wednesday, April 10th. TD Cowen reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Dutch Bros in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.44.

Dutch Bros Stock Performance

BROS opened at $29.97 on Friday. The firm has a market capitalization of $5.31 billion, a PE ratio of 999.00 and a beta of 2.41. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $36.17. The firm has a 50 day moving average of $31.12 and a two-hundred day moving average of $28.83. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $254.12 million for the quarter, compared to analysts’ expectations of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. On average, analysts anticipate that Dutch Bros Inc. will post 0.26 EPS for the current year.

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.