Dutch Bros Inc. $BROS Shares Bought by Bayforest Capital Ltd

Bayforest Capital Ltd increased its holdings in Dutch Bros Inc. (NYSE:BROS) by 35.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,856 shares of the company’s stock after purchasing an additional 3,661 shares during the quarter. Bayforest Capital Ltd’s holdings in Dutch Bros were worth $947,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Dutch Bros in the 1st quarter worth approximately $31,000. Kiker Wealth Management LLC raised its holdings in shares of Dutch Bros by 4,423.1% in the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock worth $40,000 after purchasing an additional 575 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Dutch Bros in the 1st quarter worth approximately $38,000. GAMMA Investing LLC raised its holdings in shares of Dutch Bros by 85.3% in the 1st quarter. GAMMA Investing LLC now owns 821 shares of the company’s stock worth $51,000 after purchasing an additional 378 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new position in shares of Dutch Bros in the first quarter worth about $54,000. 85.54% of the stock is currently owned by institutional investors.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 482,750 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 transaction of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $81,486,678.07. Following the transaction, the chairman directly owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. The trade was a 49.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,161,101 shares of company stock worth $207,633,882. Insiders own 42.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on BROS shares. Guggenheim raised their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Melius Research upgraded shares of Dutch Bros to a “strong-buy” rating in a report on Monday, July 14th. UBS Group raised their target price on shares of Dutch Bros from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Bank of America raised their target price 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. Finally, TD Cowen reiterated a “buy” rating and issued a $86.00 target price on shares of Dutch Bros in a report on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.88.

Dutch Bros Price Performance

NYSE BROS opened at $52.41 on Tuesday. The company has a 50 day simple moving average of $61.33 and a 200-day simple moving average of $63.29. 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 firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 111.52, a price-to-earnings-growth ratio of 2.70 and a beta of 2.55. Dutch Bros Inc. has a 52-week low of $32.46 and a 52-week high of $86.88.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million for the quarter, compared to analyst estimates of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 earnings per share. Equities research analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

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.