Dutch Bros (NYSE:BROS) Stock: Insider Travis Boersma Sells 962,828 Shares

Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 962,828 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $44.55, for a total transaction of $42,893,987.40. Following the completion of the transaction, the chairman owned 1,862,924 shares in the company, valued at $82,993,264.20. This trade represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, November 4th, Travis Boersma sold 1,032,216 shares of Dutch Bros stock. The stock was sold at an average price of $44.73, for a total transaction of $46,171,021.68.
  • On Tuesday, November 3rd, Travis Boersma sold 393,768 shares of Dutch Bros stock. The stock was sold at an average price of $44.06, for a total transaction of $17,349,418.08.
  • 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 transaction of $2,534,205.02.
  • On Thursday, October 29th, Travis Boersma sold 408,023 shares of Dutch Bros stock. The stock was 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 stock was sold at an average price of $44.01, for a total transaction of $6,411,684.87.

Dutch Bros Stock Performance

Shares of BROS traded up $0.32 during mid-day trading on Wednesday, hitting $43.90. 9,753,712 shares of the company’s stock were exchanged, compared to its average volume of 4,395,353. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. Dutch Bros Inc. has a 52 week low of $36.51 and a 52 week high of $74.02. The stock’s 50-day simple moving average is $42.11 and its 200-day simple moving average is $53.16. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 62.26, a price-to-earnings-growth ratio of 1.36 and a beta of 1.97.

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

Key Headlines Impacting Dutch Bros

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

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in shares of Dutch Bros by 38.0% during the second quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after buying an additional 851,075 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Dutch Bros by 33.4% during the first quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after buying an additional 454,036 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of Dutch Bros by 17.8% in the 2nd quarter. Wasatch Advisors LP now owns 1,038,903 shares of the company’s stock valued at $74,604,000 after acquiring an additional 157,098 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Dutch Bros by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,204,326 shares of the company’s stock valued at $60,994,000 after acquiring an additional 37,683 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Dutch Bros by 58.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock valued at $52,917,000 after acquiring an additional 384,011 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BROS. DA Davidson reduced their target price on Dutch Bros from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, September 28th. Jefferies Financial Group dropped their price target on Dutch Bros from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Morgan Stanley cut their price objective on shares of Dutch Bros from $88.00 to $71.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Raymond James Financial set a $59.00 price objective on shares of Dutch Bros in a research note on Friday, September 18th. Finally, UBS Group decreased their target price on shares of Dutch Bros from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 26th. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.08.

Check Out Our Latest Report on Dutch Bros

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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