State of New Jersey Common Pension Fund D Sells 18,435 Shares of Dutch Bros Inc. (NYSE:BROS)

State of New Jersey Common Pension Fund D lessened its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,456 shares of the company's stock after selling 18,435 shares during the period. State of New Jersey Common Pension Fund D's holdings in Dutch Bros were worth $2,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Dutch Bros in the fourth quarter worth about $25,000. Hollencrest Capital Management lifted its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company's stock worth $29,000 after purchasing an additional 314 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Dutch Bros in the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC acquired a new stake in Dutch Bros in the 4th quarter worth approximately $41,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Dutch Bros in the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 85.54% of the company's stock.

Dutch Bros Trading Down 7.2 %

BROS stock traded down $5.94 during midday trading on Friday, reaching $76.09. The stock had a trading volume of 5,566,703 shares, compared to its average volume of 3,072,541. The business has a fifty day simple moving average of $61.83 and a two-hundred day simple moving average of $46.37. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a twelve month low of $26.38 and a twelve month high of $86.88. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 223.79, a PEG ratio of 4.70 and a beta of 2.73.

Analyst Upgrades and Downgrades

BROS has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Jefferies Financial Group boosted their target price on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Bank of America upped their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, January 27th. TD Securities upped their target price on shares of Dutch Bros from $65.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Barclays raised shares of Dutch Bros from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $38.00 to $70.00 in a research report on Tuesday, January 7th. One 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, the company presently has an average rating of "Buy" and a consensus price target of $74.83.

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.