Dutch Bros Inc. (NYSE:BROS) Chairman Sells $115,200.00 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 3,600 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $115,200.00. Following the completion of the sale, the chairman now owns 430,718 shares of the company’s stock, valued at $13,782,976. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The shares were sold at an average price of $32.36, for a total value of $9,077,562.48.
• 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 shares were sold at an average price of $31.59, for a total value of $13,485,486.69.

Dutch Bros Price Performance

Dutch Bros stock opened at $32.92 on Thursday. The firm has a market cap of $5.83 billion, a PE ratio of 182.89, a price-to-earnings-growth ratio of 2.61 and a beta of 2.49. 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 stock’s fifty day moving average price is $35.45 and its two-hundred day moving average price is $34.48. Dutch Bros Inc. has a one year low of $22.67 and a one year high of $43.49.

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

Wall Street Analyst Weigh In

BROS has been the topic of several research reports. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. UBS Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, August 15th. Bank of America raised their price objective on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Wedbush reiterated an “outperform” rating and set a $45.00 target price on shares of Dutch Bros in a research note on Thursday, August 8th. Finally, Barclays dropped their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.73.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Dutch Bros by 35.0% in 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 boosted its stake in Dutch Bros by 15.4% in the second quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock valued at $164,042,000 after buying an additional 527,716 shares in the last quarter. Driehaus Capital Management LLC grew its position in Dutch Bros by 11.0% in the second quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock valued at $92,953,000 after acquiring an additional 222,650 shares during the last quarter. Davidson Kempner Capital Management LP raised its stake in Dutch Bros by 43.5% during the second quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock worth $65,626,000 after acquiring an additional 480,153 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Dutch Bros during the second quarter worth about $57,435,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.