Dutch Bros Inc. (NYSE:BROS) Major Shareholder Dm Trust Aggregator, Llc Sells 4,600 Shares

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $34.01, for a total transaction of $156,446.00. Following the completion of the transaction, the insider now directly owns 507,700 shares in the company, valued at approximately $17,266,877. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Dm Trust Aggregator, Llc also recently made the following trade(s):

• On Monday, September 9th, Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock. The shares were sold at an average price of $32.39, for a total transaction of $6,038,079.02.
• On Thursday, September 5th, Dm Trust Aggregator, Llc sold 1,800 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00.
• On Friday, August 23rd, Dm Trust Aggregator, Llc sold 400 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total value of $12,800.00.

Dutch Bros Stock Down 0.3 %

BROS stock opened at $33.90 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The stock has a market capitalization of $6.01 billion, a P/E ratio of 188.33, a P/E/G ratio of 2.70 and a beta of 2.49. Dutch Bros Inc. has a fifty-two week low of $22.67 and a fifty-two week high of $43.49. The business has a 50-day moving average of $34.79 and a 200-day moving average of $34.61.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $317.39 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The business’s revenue was up 30.0% on a year-over-year basis. On average, sell-side analysts anticipate that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Dutch Bros in a research note on Thursday, August 8th. Stifel Nicolaus lowered their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Bank of America raised their price objective on Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Dutch Bros currently has an average rating of “Moderate Buy” and an average target price of $39.73.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP bought a new position in Dutch Bros in the first quarter valued at approximately $41,988,000. Neuberger Berman Group LLC boosted its holdings in shares of Dutch Bros by 17.7% in the 4th quarter. Neuberger Berman Group LLC now owns 27,759 shares of the company’s stock valued at $879,000 after buying an additional 4,170 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Dutch Bros in the first quarter valued at $4,430,000. Janney Montgomery Scott LLC increased its holdings in Dutch Bros by 96.4% during the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $901,000 after buying an additional 13,395 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Dutch Bros during the first quarter worth $200,000. 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.