VIRGINIA RETIREMENT SYSTEMS ET Al Cuts Stock Position in Dutch Bros Inc. $BROS

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in Dutch Bros Inc. (NYSE:BROS) by 45.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,950 shares of the company’s stock after selling 10,150 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Dutch Bros were worth $732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. One Day In July LLC lifted its holdings in Dutch Bros by 26.1% during the 4th quarter. One Day In July LLC now owns 16,624 shares of the company’s stock worth $1,018,000 after purchasing an additional 3,440 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Dutch Bros by 9.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 5,078 shares of the company’s stock valued at $311,000 after acquiring an additional 436 shares in the last quarter. Swiss Life Asset Management Ltd raised its holdings in shares of Dutch Bros by 6.8% in the 4th quarter. Swiss Life Asset Management Ltd now owns 5,918 shares of the company’s stock valued at $362,000 after acquiring an additional 375 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Dutch Bros in the 4th quarter valued at about $253,000. Finally, Praxis Investment Management Inc. purchased a new stake in shares of Dutch Bros in the 4th quarter valued at about $206,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BROS. TD Cowen restated a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a research report on Friday, February 13th. Oppenheimer began coverage on Dutch Bros in a research report on Friday, May 1st. They set an “outperform” rating and a $72.00 price target on the stock. KeyCorp raised their price target on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, March 2nd. Finally, UBS Group restated a “buy” rating on shares of Dutch Bros in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.77.

Insiders Place Their Bets

In other Dutch Bros news, Director Todd Allan Penegor acquired 2,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $51.17 per share, for a total transaction of $102,340.00. Following the acquisition, the director owned 5,358 shares in the company, valued at $274,168.86. This represents a 59.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 38.90% of the company’s stock.

Dutch Bros Trading Up 0.2%

NYSE BROS opened at $51.12 on Monday. Dutch Bros Inc. has a fifty-two week low of $44.58 and a fifty-two week high of $77.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The stock has a 50 day simple moving average of $52.46 and a two-hundred day simple moving average of $55.79. The stock has a market cap of $8.93 billion, a P/E ratio of 79.87, a price-to-earnings-growth ratio of 1.64 and a beta of 2.40.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share 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 business had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.70 million. During the same quarter last year, the business posted $0.14 EPS. The business’s revenue was up 30.7% on a year-over-year basis. On average, analysts forecast that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

Dutch Bros Profile

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.