Dutch Bros (NYSE:BROS) Chairman Sells $17,638,329.00 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 302,700 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $58.27, for a total transaction of $17,638,329.00. Following the completion of the sale, the chairman directly owned 3,088,601 shares in the company, valued at approximately $179,972,780.27. The trade was a 8.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Monday, June 1st, Travis Boersma sold 447,299 shares of Dutch Bros stock. The shares were sold at an average price of $58.26, for a total transaction of $26,059,639.74.
• On Thursday, May 28th, Travis Boersma sold 205,127 shares of Dutch Bros stock. The shares were sold at an average price of $56.16, for a total transaction of $11,519,932.32.
• On Wednesday, May 27th, Travis Boersma sold 544,872 shares of Dutch Bros stock. The shares were sold at an average price of $56.21, for a total transaction of $30,627,255.12.

Dutch Bros Stock Performance

NYSE BROS opened at $56.01 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock has a market cap of $9.78 billion, a P/E ratio of 87.52, a PEG ratio of 1.83 and a beta of 2.36. Dutch Bros Inc. has a twelve month low of $44.58 and a twelve month high of $77.88. The company’s 50-day simple moving average is $53.57 and its 200 day simple moving average is $55.73.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, research analysts forecast that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dutch Bros

A number of large investors have recently modified their holdings of BROS. Integrated Wealth Concepts LLC acquired a new position in shares of Dutch Bros during the first quarter worth approximately $318,000. Empowered Funds LLC lifted its holdings in Dutch Bros by 15.9% in the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock valued at $2,089,000 after buying an additional 4,633 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Dutch Bros by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after buying an additional 22,323 shares during the period. California Public Employees Retirement System lifted its holdings in Dutch Bros by 24.2% in the second quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after buying an additional 38,697 shares during the period. Finally, State Street Corp lifted its holdings in Dutch Bros by 6.6% in the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after buying an additional 121,683 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BROS has been the topic of several research analyst reports. Citigroup upped their price objective on shares of Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. BNP Paribas Exane initiated coverage on shares of Dutch Bros in a research note on Monday, March 30th. They set an “outperform” rating and a $73.00 price objective on the stock. Oppenheimer initiated coverage on shares of Dutch Bros in a research note on Friday, May 1st. They set an “outperform” rating and a $72.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. Finally, KeyCorp upped their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.