Dutch Bros Inc. (NYSE:BROS) Chairman Sells $12,310,442.65 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 334,069 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.85, for a total value of $12,310,442.65. Following the completion of the sale, the chairman now owns 871,764 shares in the company, valued at approximately $32,124,503.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

Travis Boersma also recently made the following trade(s):

• On Wednesday, May 22nd, Travis Boersma sold 257,354 shares of Dutch Bros stock. The stock was sold at an average price of $36.18, for a total value of $9,311,067.72.
• On Monday, May 13th, Travis Boersma sold 54,359 shares of Dutch Bros stock. The stock was sold at an average price of $36.02, for a total value of $1,958,011.18.
• On Thursday, March 21st, Travis Boersma sold 98,017 shares of Dutch Bros stock. The stock was sold at an average price of $36.04, for a total value of $3,532,532.68.
• On Wednesday, March 13th, Travis Boersma sold 296,603 shares of Dutch Bros stock. The stock was sold at an average price of $34.31, for a total value of $10,176,448.93.
• On Monday, March 4th, Travis Boersma sold 389,406 shares of Dutch Bros stock. The shares were sold at an average price of $30.31, for a total value of $11,802,895.86.
• On Thursday, February 22nd, Travis Boersma sold 404,950 shares of Dutch Bros stock. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00.

Dutch Bros Trading Down 0.5 %

Shares of BROS stock opened at $34.09 on Friday. The stock’s fifty day moving average is $32.32 and its two-hundred day moving average is $30.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.98 and a current ratio of 2.29. The firm has a market capitalization of $6.04 billion, a P/E ratio of 189.40, a PEG ratio of 5.45 and a beta of 2.43. Dutch Bros Inc. has a fifty-two week low of $22.67 and a fifty-two week high of $38.41.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The business had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. Research analysts expect that Dutch Bros Inc. will post 0.29 earnings per share for the current fiscal year.

Institutional Trading of Dutch Bros

Hedge funds and other institutional investors have recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in shares of Dutch Bros in the 1st quarter worth $26,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Dutch Bros in the 4th quarter worth $40,000. Avior Wealth Management LLC increased its stake in shares of Dutch Bros by 1,610.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock worth $41,000 after acquiring an additional 1,208 shares during the last quarter. Allworth Financial LP increased its stake in shares of Dutch Bros by 41.8% in the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after acquiring an additional 471 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after acquiring an additional 590 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BROS shares. TD Cowen upgraded Dutch Bros from a “hold” rating to a “buy” rating and increased their target price for the company from $33.00 to $46.00 in a research report on Friday, May 10th. JPMorgan Chase & Co. increased their target price on Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Barclays increased their target price on Dutch Bros from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Finally, Wedbush raised their price objective on Dutch Bros from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $37.33.

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.