Dutch Bros (NYSE:BROS) Shares Gap Up – Here’s What Happened

Dutch Bros Inc. (NYSE:BROS)’s share price gapped up prior to trading on Monday . The stock had previously closed at $65.43, but opened at $69.56. Dutch Bros shares last traded at $70.65, with a volume of 446,013 shares changing hands.

Wall Street Analyst Weigh In

BROS has been the subject of a number of research reports. TD Securities boosted their price target on Dutch Bros from $65.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Barclays raised shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $70.00 in a research report on Tuesday, January 7th. Stifel Nicolaus lifted their price target on shares of Dutch Bros from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley began coverage on shares of Dutch Bros in a research note on Monday. They issued an “overweight” rating and a $82.00 target price on the stock. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros presently has an average rating of “Buy” and a consensus price target of $76.23.

Dutch Bros Stock Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. The stock has a 50-day moving average price of $67.55 and a 200-day moving average price of $52.19. The firm has a market capitalization of $10.76 billion, a PE ratio of 205.33, a price-to-earnings-growth ratio of 4.23 and a beta of 2.65.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the transaction, the insider now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 7.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Travis Boersma sold 679,996 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92. Following the completion of the sale, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. The trade was a 20.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,643,632 shares of company stock worth $201,509,627 in the last 90 days. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Dutch Bros during the 4th quarter valued at approximately $25,000. Coppell Advisory Solutions LLC increased its stake in Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Dutch Bros during the third quarter worth $36,000. Fortitude Family Office LLC bought a new position in shares of Dutch Bros in the 4th quarter worth about $41,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Dutch Bros in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.