FORA Capital LLC Purchases Shares of 20,586 Dutch Bros Inc. (NYSE:BROS)

FORA Capital LLC acquired a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,586 shares of the company's stock, valued at approximately $1,078,000.

Several other large investors have also recently modified their holdings of the company. R Squared Ltd acquired a new position in Dutch Bros during the 4th quarter valued at approximately $25,000. Coppell Advisory Solutions LLC grew its holdings in shares of Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after buying an additional 447 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Dutch Bros in the 4th quarter valued at $41,000. Bernard Wealth Management Corp. purchased a new position in Dutch Bros in the 4th quarter worth $43,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Dutch Bros during the 3rd quarter worth about $50,000. Institutional investors own 85.54% of the company's stock.

Dutch Bros Trading Up 0.5%

Shares of BROS traded up $0.35 during midday trading on Tuesday, reaching $70.21. The company had a trading volume of 3,646,379 shares, compared to its average volume of 3,157,081. Dutch Bros Inc. has a 1-year low of $26.96 and a 1-year high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The firm has a 50 day simple moving average of $61.11 and a 200-day simple moving average of $58.79. The stock has a market cap of $10.83 billion, a PE ratio of 206.51, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The business had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. During the same quarter in the prior year, the company posted $0.09 EPS. The business's revenue for the quarter was up 28.7% on a year-over-year basis. Research analysts forecast that Dutch Bros Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 679,996 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the transaction, the chairman now directly owns 2,640,779 shares in the company, valued at $197,451,045.83. This trade represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the sale, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643,632 shares of company stock valued at $201,509,627. 42.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BROS shares. Wedbush reissued an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. Barclays raised their price target on shares of Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Guggenheim upped their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. Bank of America raised their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Robert W. Baird boosted their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $75.21.

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.