Dutch Bros Inc. (NYSE:BROS) Chairman Sells $35,808,113.38 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 471,718 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $35,808,113.38. Following the completion of the transaction, the chairman now directly owns 2,310,834 shares of the company’s stock, valued at approximately $175,415,408.94. This represents a 16.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 24th, Travis Boersma sold 679,996 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92.
• On Friday, February 21st, Travis Boersma sold 755,551 shares of Dutch Bros stock. The shares were sold at an average price of $77.73, for a total value of $58,728,979.23.

Dutch Bros Stock Performance

Shares of BROS stock traded up $0.77 on Thursday, hitting $76.17. The company’s stock had a trading volume of 2,052,106 shares, compared to its average volume of 3,082,382. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. Dutch Bros Inc. has a fifty-two week low of $26.85 and a fifty-two week high of $86.88. The stock’s 50 day moving average is $63.14 and its 200-day moving average is $47.31. The company has a market capitalization of $11.75 billion, a PE ratio of 224.68, a PEG ratio of 4.23 and a beta of 2.73.

Analyst Upgrades and Downgrades

BROS has been the topic of a number of research analyst reports. TD Cowen increased their target price on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus lifted their price target on Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Bank of America raised their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays upgraded Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. Finally, Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $74.83.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently bought and sold shares of BROS. R Squared Ltd acquired a new position in Dutch Bros in the fourth quarter valued at $25,000. Coppell Advisory Solutions LLC raised its stake in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 447 shares during the last quarter. Hollencrest Capital Management boosted its holdings in 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 last quarter. Point72 Hong Kong Ltd purchased a new stake in Dutch Bros in the 3rd quarter valued at about $36,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Dutch Bros during the 4th quarter worth $41,000. 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.