Louisiana State Employees Retirement System Invests $1.86 Million in Dutch Bros Inc. $BROS

Louisiana State Employees Retirement System purchased a new position in shares of Dutch Bros Inc. (NYSE:BROS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 36,800 shares of the company’s stock, valued at approximately $1,864,000.

Several other institutional investors have also recently added to or reduced their stakes in BROS. Osterweis Capital Management Inc. purchased a new position in shares of Dutch Bros in the 2nd quarter valued at approximately $27,000. Rakuten Securities Inc. raised its stake in shares of Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of Dutch Bros during the fourth quarter worth approximately $31,000. Ankerstar Wealth LLC acquired a new stake in shares of Dutch Bros during the fourth quarter worth $31,000. Finally, Quarry LP lifted its holdings in shares of Dutch Bros by 83.5% during the fourth quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BROS shares. Telsey Advisory Group started coverage on shares of Dutch Bros in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price objective on the stock. UBS Group restated a “buy” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. DA Davidson lifted their target price on shares of Dutch Bros from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, June 22nd. KeyCorp boosted their price target on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Citigroup increased their price target on shares of Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.33.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the transaction, the chairman directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This trade represents a 23.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of Dutch Bros stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the sale, the insider owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. The trade was a 9.77% decrease in their ownership of the stock. 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 worth $243,021,771 over the last 90 days. Company insiders own 38.90% of the company’s stock.

Dutch Bros Trading Up 0.3%

NYSE:BROS opened at $71.91 on Wednesday. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $74.65. 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 fifty day moving average price of $58.65 and a two-hundred day moving average price of $56.88. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 112.36, a PEG ratio of 2.32 and a beta of 2.36.

Dutch Bros (NYSE:BROS) last issued its 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 net margin of 4.61% and a return on equity of 9.42%. The company had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.69 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s revenue was up 30.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal 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.