FORA Capital LLC Buys 43,552 Shares of Dutch Bros Inc. $BROS

Key Points

• FORA Capital LLC increased its position in Dutch Bros Inc. by 211.6% during the first quarter, owning 64,138 shares valued at approximately $3.96 million.
• Insiders sold 2.37 million shares of Dutch Bros stock valued at $153.33 million over the last quarter, with Chairman Travis Boersma alone selling over 1.25 million shares.
• A majority of analysts maintain a "Buy" rating for Dutch Bros, with a target price averaging around $79.76, although Piper Sandler and UBS Group have recently adjusted their targets downward.

FORA Capital LLC boosted its holdings in Dutch Bros Inc. (NYSE:BROS - Free Report) by 211.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,138 shares of the company's stock after buying an additional 43,552 shares during the period. FORA Capital LLC's holdings in Dutch Bros were worth $3,960,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc bought a new position in Dutch Bros during the first quarter worth $31,000. Cullen Frost Bankers Inc. acquired a new stake in Dutch Bros in the 1st quarter worth $31,000. Gould Capital LLC grew its position in Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after purchasing an additional 140 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in shares of Dutch Bros during the 4th quarter worth about $43,000. Finally, GAMMA Investing LLC increased its holdings in shares of Dutch Bros by 85.3% during the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after purchasing an additional 378 shares during the period. 85.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BROS shares. Guggenheim lifted their target price on Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Melius Research upgraded shares of Dutch Bros to a "strong-buy" rating in a research note on Monday, July 14th. Bank of America raised their price objective on shares of Dutch Bros from $80.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Piper Sandler dropped their target price on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, CICC Research started coverage on Dutch Bros in a research note on Monday, June 30th. They issued an "outperform" rating and a $80.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $80.06.

Dutch Bros Trading Up 1.3%

Shares of NYSE BROS traded up $0.99 during midday trading on Thursday, hitting $74.20. The stock had a trading volume of 3,095,015 shares, compared to its average volume of 4,316,408. The firm has a market cap of $12.21 billion, a P/E ratio of 157.87, a price-to-earnings-growth ratio of 4.11 and a beta of 2.63. Dutch Bros Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The company's 50-day simple moving average is $64.86 and its 200 day simple moving average is $65.99.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. The business had revenue of $415.81 million for the quarter, compared to analysts' expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm's quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 earnings per share. Research analysts anticipate that Dutch Bros Inc. will post 0.57 EPS for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. This trade represents a 49.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the sale, the insider directly owned 1,279,144 shares of the company's stock, valued at $83,361,814.48. This represents a 27.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock worth $207,633,882 over the last 90 days. 42.40% of the stock is currently owned by company insiders.

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.