Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 285,462 Shares

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 285,462 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $33.38, for a total transaction of $9,528,721.56. Following the sale, the chairman now directly owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, November 4th, Travis Boersma sold 38,339 shares of Dutch Bros stock. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72.
• On Monday, October 28th, Travis Boersma sold 80,720 shares of Dutch Bros stock. The shares were sold at an average price of $36.03, for a total value of $2,908,341.60.
• On Monday, September 16th, Travis Boersma sold 18,223 shares of Dutch Bros stock. The stock was sold at an average price of $34.13, for a total transaction of $621,950.99.
• On Thursday, September 12th, Travis Boersma sold 9,610 shares of Dutch Bros stock. The shares were sold at an average price of $34.01, for a total value of $326,836.10.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The stock was sold at an average price of $32.36, for a total transaction of $9,077,562.48.
• On Thursday, September 5th, Travis Boersma sold 3,600 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total value of $115,200.00.
• On Friday, August 23rd, Travis Boersma sold 800 shares of Dutch Bros stock. The shares were 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 stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69.

Dutch Bros Price Performance

Shares of BROS opened at $34.93 on Thursday. The firm has a market capitalization of $5.39 billion, a PE ratio of 139.72, a P/E/G ratio of 3.68 and a beta of 2.47. Dutch Bros Inc. has a 52-week low of $25.46 and a 52-week high of $43.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The stock has a 50 day simple moving average of $33.24 and a 200 day simple moving average of $34.92.

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 return on equity of 3.99% and a net margin of 1.95%. The firm had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. During the same quarter in the previous year, the business posted $0.07 EPS. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. Sell-side analysts predict that Dutch Bros Inc. will post 0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

BROS has been the subject of a number of recent analyst reports. Barclays decreased their price objective 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. Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a report on Monday, October 14th. Stifel Nicolaus reduced their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, August 15th. Finally, Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new position in shares of Dutch Bros during the 2nd quarter worth about $27,000. Quest Partners LLC increased its position in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in Dutch Bros in the first quarter valued at approximately $26,000. Jamison Private Wealth Management Inc. lifted its position in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after buying an additional 500 shares during the last quarter. Finally, Hollencrest Capital Management boosted its stake in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after acquiring an additional 314 shares during the period. Institutional investors own 85.54% of the company’s stock.

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.