Travis Boersma Sells 755,551 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 755,551 shares of Dutch Bros stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the transaction, the chairman now directly owns 2,903,316 shares in the company, valued at $225,674,752.68. This trade represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, February 26th, Travis Boersma sold 471,718 shares of Dutch Bros stock. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38.
• 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 transaction of $50,843,300.92.

Dutch Bros Stock Up 1.3 %

NYSE:BROS opened at $76.42 on Friday. 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 firm’s 50-day moving average price is $63.14 and its 200-day moving average price is $47.31. The company has a market capitalization of $11.78 billion, a PE ratio of 224.76, a P/E/G ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a 1-year low of $26.85 and a 1-year high of $86.88.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. R Squared Ltd purchased a new position in shares of Dutch Bros during the fourth quarter valued at approximately $25,000. Coppell Advisory Solutions LLC boosted its stake in Dutch Bros by 638.6% during the 4th 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. Hollencrest Capital Management increased its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Dutch Bros in the third quarter worth approximately $36,000. Finally, Fortitude Family Office LLC purchased a new stake in Dutch Bros during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BROS shares. Bank of America upped their price objective 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. Jefferies Financial Group increased their price objective on Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Wedbush upped their target price on Dutch Bros from $65.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Piper Sandler lifted their price target on shares of Dutch Bros from $51.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $74.83.

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.