Dutch Bros (NYSE:BROS) Chairman Travis Boersma Sells 1,032,216 Shares of Company Stock

Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 1,032,216 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $46,171,021.68. Following the completion of the transaction, the chairman owned 1,366,580 shares in the company, valued at approximately $61,127,123.40. The trade was a 43.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Tuesday, November 3rd, Travis Boersma sold 393,768 shares of Dutch Bros stock. The shares were sold at an average price of $44.06, for a total transaction of $17,349,418.08.
  • On Monday, November 2nd, Travis Boersma sold 962,828 shares of Dutch Bros stock. The shares were sold at an average price of $44.55, for a total value of $42,893,987.40.
  • On Friday, October 30th, Travis Boersma sold 57,478 shares of Dutch Bros stock. The shares were sold at an average price of $44.09, for a total value of $2,534,205.02.
  • On Thursday, October 29th, Travis Boersma sold 408,023 shares of Dutch Bros stock. The shares were sold at an average price of $44.03, for a total transaction of $17,965,252.69.
  • On Tuesday, October 20th, Travis Boersma sold 145,687 shares of Dutch Bros stock. The shares were sold at an average price of $44.01, for a total value of $6,411,684.87.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $43.90 on Thursday. Dutch Bros Inc. has a one year low of $36.51 and a one year high of $74.02. The stock has a market cap of $7.67 billion, a PE ratio of 60.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.97. The business’s fifty day moving average price is $42.11 and its two-hundred day moving average price is $53.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35.

Dutch Bros (NYSE:BROS – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%. The firm had revenue of $549.84 million for the quarter, compared to the consensus estimate of $548.27 million. During the same period in the prior year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, analysts forecast that Dutch Bros Inc. will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its position in Dutch Bros by 38.0% in the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock valued at $221,956,000 after buying an additional 851,075 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in Dutch Bros in the 1st quarter valued at approximately $33,569,000. Hyperion Asset Management Ltd boosted its position in Dutch Bros by 104.4% during the 3rd quarter. Hyperion Asset Management Ltd now owns 1,222,532 shares of the company’s stock worth $47,141,000 after acquiring an additional 624,488 shares during the last quarter. Bank of America Corp DE boosted its position in Dutch Bros by 33.4% during the 1st quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after acquiring an additional 454,036 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Dutch Bros by 58.1% during the first quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock worth $52,917,000 after purchasing an additional 384,011 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BROS. Jefferies Financial Group dropped their target price on Dutch Bros from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Morgan Stanley decreased their price target on Dutch Bros from $88.00 to $71.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Citigroup cut their price objective on shares of Dutch Bros from $86.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. Raymond James Financial set a $59.00 target price on shares of Dutch Bros in a research report on Friday, September 18th. Finally, Telsey Advisory Group boosted their price target on shares of Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.08.

View Our Latest Research Report on BROS

Dutch Bros News Roundup

Here are the key news stories impacting Dutch Bros this week:

Dutch Bros Company Profile

(Get Free Report)

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.

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Insider Buying and Selling by Quarter for Dutch Bros (NYSE:BROS)

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