Dm Trust Aggregator, Llc Sells 1,800 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the sale, the insider now directly owns 712,819 shares of the company’s stock, valued at $22,810,208. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Dm Trust Aggregator, Llc also recently made the following trade(s):

• On Friday, August 23rd, Dm Trust Aggregator, Llc sold 400 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total value of $12,800.00.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $32.22 on Wednesday. The stock has a market capitalization of $5.71 billion, a PE ratio of 179.00, a P/E/G ratio of 2.61 and a beta of 2.49. Dutch Bros Inc. has a fifty-two week low of $22.67 and a fifty-two week high of $43.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The business has a fifty day moving average price of $35.64 and a two-hundred day moving average price of $34.45.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, equities analysts predict that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after acquiring an additional 1,661,778 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Dutch Bros in the 2nd quarter valued at $57,435,000. Wasatch Advisors LP acquired a new position in shares of Dutch Bros during the 1st quarter worth $41,988,000. Concurrent Investment Advisors LLC lifted its position in shares of Dutch Bros by 846.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after buying an additional 1,109,370 shares during the last quarter. Finally, Joho Capital LLC boosted its stake in Dutch Bros by 428.9% in the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after buying an additional 1,106,511 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Stifel Nicolaus reduced their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Bank of America increased their target price on Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Wedbush restated an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research note on Thursday, August 8th. Finally, Barclays lowered their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $39.73.

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.