Insider Selling: Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells $919,294.20 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the transaction, the insider now owns 432,518 shares in the company, valued at $13,849,226.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Monday, August 19th, Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00.

Dutch Bros Stock Up 2.2 %

NYSE:BROS opened at $31.00 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. Dutch Bros Inc. has a twelve month low of $22.67 and a twelve month high of $43.49. The company has a market cap of $5.49 billion, a PE ratio of 172.22, a P/E/G ratio of 4.71 and a beta of 2.53. The company’s 50 day moving average is $36.79 and its two-hundred day moving average is $34.18.

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 analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. Analysts anticipate that Dutch Bros Inc. will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

BROS has been the topic of a number of analyst reports. Piper Sandler downgraded Dutch Bros from an “overweight” rating to a “neutral” rating and cut their price target for the company from $41.00 to $36.00 in a report on Monday, August 19th. UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, August 15th. Barclays reduced their target price on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Stifel Nicolaus lowered their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Bank of America boosted their price objective on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Three research 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, Dutch Bros has an average rating of “Moderate Buy” and an average target price of $39.73.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BROS. Vanguard Group Inc. boosted its position in Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after buying an additional 1,661,778 shares during the last quarter. Marshall Wace LLP raised its position in Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock worth $164,042,000 after buying an additional 527,716 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in Dutch Bros by 11.0% during the 2nd 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 period. Davidson Kempner Capital Management LP boosted its holdings in shares of Dutch Bros by 43.5% in the 2nd 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 last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Dutch Bros in the second quarter worth $57,435,000. 85.54% of the stock is owned by institutional investors and hedge funds.

About Dutch Bros

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.