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

Dutch Bros Inc. (NYSE:BROSGet Free Report) 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:BROSGet Free Report) 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.

Check Out Our Latest Report on BROS

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

(Get Free Report)

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.

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

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