Dutch Bros Inc. (NYSE:BROS) Chairman Sells $9,528,721.56 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 285,462 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the completion of the transaction, the chairman now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, October 28th, Travis Boersma sold 80,720 shares of Dutch Bros stock. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60.
• On Monday, September 16th, Travis Boersma sold 18,223 shares of Dutch Bros stock. The stock was sold at an average price of $34.13, for a total transaction of $621,950.99.
• On Thursday, September 12th, Travis Boersma sold 9,610 shares of Dutch Bros stock. The stock was sold at an average price of $34.01, for a total value of $326,836.10.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The stock was sold at an average price of $32.36, for a total transaction of $9,077,562.48.
• On Thursday, September 5th, Travis Boersma sold 3,600 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total value of $115,200.00.
• On Friday, August 23rd, Travis Boersma sold 800 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total value of $25,600.00.
• On Monday, August 19th, Travis Boersma sold 426,891 shares of Dutch Bros stock. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69.

Dutch Bros Price Performance

NYSE:BROS opened at $33.00 on Tuesday. The firm’s fifty day moving average price is $33.13 and its two-hundred day moving average price is $34.90. 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 company has a market cap of $5.09 billion, a P/E ratio of 132.00, a P/E/G ratio of 3.65 and a beta of 2.47. Dutch Bros Inc. has a one year low of $25.46 and a one year high of $43.49.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. During the same period in the previous year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. Equities analysts expect that Dutch Bros Inc. will post 0.33 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BROS shares. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday, August 15th. Stifel Nicolaus dropped their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Piper Sandler lowered Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $41.00 to $36.00 in a report on Monday, August 19th. Wedbush reissued an “outperform” rating and set a $45.00 target price on shares of Dutch Bros in a research report on Monday, October 14th. Finally, Robert W. Baird reduced their price objective on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.20.

Institutional Trading of Dutch Bros

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BROS. Vanguard Group Inc. boosted its stake in Dutch Bros by 35.0% during the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after purchasing an additional 1,661,778 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Dutch Bros by 15.4% during the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after acquiring an additional 527,716 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in Dutch Bros by 11.0% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock worth $92,953,000 after purchasing an additional 222,650 shares during the period. Davidson Kempner Capital Management LP boosted its position in shares of Dutch Bros by 43.5% in the second quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock valued at $65,626,000 after acquiring an additional 480,153 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Dutch Bros during the 2nd quarter valued at $57,435,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.