Forum Financial Management LP Invests $337,000 in Dutch Bros Inc. (NYSE:BROS)

Forum Financial Management LP bought a new position in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,465 shares of the company's stock, valued at approximately $337,000.

A number of other large investors also recently made changes to their positions in the company. Gould Capital LLC increased its stake in Dutch Bros by 20.4% during the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock worth $43,000 after acquiring an additional 140 shares during the period. Copia Wealth Management increased its stake in Dutch Bros by 14.7% during the 1st quarter. Copia Wealth Management now owns 1,595 shares of the company's stock worth $98,000 after acquiring an additional 205 shares during the period. Treasurer of the State of North Carolina increased its stake in Dutch Bros by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 48,050 shares of the company's stock worth $2,517,000 after acquiring an additional 310 shares during the period. GAMMA Investing LLC increased its stake in 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 acquiring an additional 378 shares during the period. Finally, Level Four Advisory Services LLC increased its stake in Dutch Bros by 6.1% during the 4th quarter. Level Four Advisory Services LLC now owns 6,793 shares of the company's stock worth $356,000 after acquiring an additional 392 shares during the period. Institutional investors own 85.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BROS shares. Barclays lifted their price target on Dutch Bros from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group decreased their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. The Goldman Sachs Group began coverage on Dutch Bros in a report on Thursday, June 26th. They set a "neutral" rating and a $75.00 price objective on the stock. CICC Research began coverage on Dutch Bros in a report on Monday, June 30th. They set an "outperform" rating and a $80.00 price objective on the stock. Finally, Guggenheim raised their price objective on Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $76.06.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the transaction, the chairman owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the transaction, the insider owned 2,373,933 shares in the company, valued at approximately $170,970,654.66. The trade was a 18.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is owned by company insiders.

Dutch Bros Stock Performance

Shares of BROS opened at $64.42 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.75 and a current ratio of 1.95. The stock has a 50 day moving average price of $68.71 and a two-hundred day moving average price of $65.36. The firm has a market capitalization of $10.60 billion, a P/E ratio of 165.18, a P/E/G ratio of 3.86 and a beta of 2.65. Dutch Bros Inc. has a 52 week low of $26.96 and a 52 week high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The firm had revenue of $355.15 million for the quarter, compared to the consensus estimate of $343.30 million. During the same quarter in the previous year, the business earned $0.09 EPS. The company's revenue was up 28.7% compared to the same quarter last year. Equities analysts forecast that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

About Dutch Bros

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.

Want to see what other hedge funds are holding BROS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dutch Bros Inc. (NYSE:BROS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.