California State Teachers Retirement System Raises Holdings in Dutch Bros Inc. $BROS

California State Teachers Retirement System boosted its holdings in shares of Dutch Bros Inc. (NYSE:BROS) by 19.2% during the first quarter, Holdings Channel.com reports. The firm owned 147,011 shares of the company’s stock after acquiring an additional 23,679 shares during the period. California State Teachers Retirement System’s holdings in Dutch Bros were worth $7,448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Dutch Bros by 25.9% during the first quarter. Royal Bank of Canada now owns 442,554 shares of the company’s stock worth $22,421,000 after buying an additional 91,012 shares during the period. Empowered Funds LLC bought a new position in Dutch Bros during the 1st quarter valued at about $1,309,000. Ashford Capital Management Inc. raised its position in Dutch Bros by 1.9% in the 1st quarter. Ashford Capital Management Inc. now owns 159,230 shares of the company’s stock worth $8,067,000 after purchasing an additional 2,950 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Dutch Bros by 193.3% in the first quarter. The Manufacturers Life Insurance Company now owns 91,944 shares of the company’s stock worth $4,658,000 after purchasing an additional 60,599 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Dutch Bros by 34.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,490 shares of the company’s stock valued at $278,000 after acquiring an additional 1,415 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

NYSE:BROS opened at $64.27 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Dutch Bros Inc. has a 52 week low of $44.58 and a 52 week high of $74.65. The stock’s 50-day moving average price is $64.88 and its 200-day moving average price is $57.54. The stock has a market capitalization of $11.22 billion, a PE ratio of 100.42, a price-to-earnings-growth ratio of 1.97 and a beta of 2.32.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The firm had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.69 million. During the same period in the previous year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. As a group, equities analysts expect that Dutch Bros Inc. will post 0.84 EPS for the current fiscal year.

Analysts Set New Price Targets

BROS has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. TD Cowen restated a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a research note on Wednesday, June 10th. Morgan Stanley upped their price target on Dutch Bros from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. KeyCorp increased their price objective on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, DA Davidson raised their price objective on Dutch Bros from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $77.86.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the completion of the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 9.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the transaction, the chairman owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This trade represents a 23.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,086,245 shares of company stock valued at $243,021,771 over the last quarter. 38.90% of the stock is currently owned by company insiders.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.