Dm Trust Aggregator, Llc Sells 400 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Trust Aggregator, Llc sold 400 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $12,800.00. Following the sale, the insider now owns 749,016 shares of the company’s stock, valued at $23,968,512. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Dutch Bros Trading Up 0.8 %

Shares of BROS opened at $31.78 on Wednesday. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $43.49. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 176.56, a P/E/G ratio of 4.71 and a beta of 2.53. The stock’s 50-day moving average price is $37.28 and its 200 day moving average price is $34.20.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. During the same period in the previous year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. As a group, research analysts predict that Dutch Bros Inc. will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently added to or reduced their stakes in BROS. Transcendent Capital Group LLC bought a new stake in shares of Dutch Bros in the 1st quarter valued at approximately $26,000. Arcadia Investment Management Corp MI bought a new stake in shares of Dutch Bros in the 2nd quarter valued at approximately $27,000. Quest Partners LLC grew its stake in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. Abound Wealth Management bought a new stake in shares of Dutch Bros in the 2nd quarter valued at approximately $39,000. Finally, Quarry LP bought a new stake in shares of Dutch Bros in the 2nd quarter valued at approximately $43,000. 85.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BROS shares. UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, August 15th. Bank of America raised their target price on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.73.

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.