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

New York State Common Retirement Fund raised its stake in shares of Dutch Bros Inc. (NYSE:BROS) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,423 shares of the company’s stock after buying an additional 4,956 shares during the period. New York State Common Retirement Fund owned 0.16% of Dutch Bros worth $13,012,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. R Squared Ltd bought a new position in shares of Dutch Bros in the 4th quarter valued at approximately $25,000. Fortitude Family Office LLC bought a new position in shares of Dutch Bros in the fourth quarter valued at approximately $41,000. Hollencrest Capital Management lifted its stake in shares of Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros during the 3rd quarter worth $36,000. Finally, Harbor Investment Advisory LLC acquired a new position in Dutch Bros in the 4th quarter valued at $60,000. 85.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. UBS Group upped their price target on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group increased their price objective on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros currently has an average rating of “Buy” and a consensus target price of $74.83.

Dutch Bros Price Performance

Shares of BROS opened at $76.09 on Monday. The stock has a market cap of $11.73 billion, a P/E ratio of 223.79, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a 1 year low of $26.38 and a 1 year high of $86.88. The stock’s 50-day moving average price is $61.83 and its two-hundred day moving average price is $46.49. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

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.