Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 80,720 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the sale, the chairman now directly owns 125,671 shares of the company’s stock, valued at approximately $4,527,926.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Travis Boersma also recently made the following trade(s):
- 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 transaction of $326,836.10.
- On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The shares were 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 transaction of $115,200.00.
- On Friday, August 23rd, Travis Boersma sold 800 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00.
- On Monday, August 19th, Travis Boersma sold 426,891 shares of Dutch Bros stock. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69.
Dutch Bros Stock Down 5.8 %
BROS stock opened at $33.07 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros Inc. has a twelve month low of $23.31 and a twelve month high of $43.49. The company’s 50 day moving average is $33.00 and its two-hundred day moving average is $34.84. The stock has a market cap of $5.10 billion, a P/E ratio of 133.68, a PEG ratio of 2.55 and a beta of 2.49.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP acquired a new position in shares of Dutch Bros during the 1st quarter valued at about $41,988,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Dutch Bros during the 1st quarter valued at about $4,430,000. Janney Montgomery Scott LLC increased its stake in shares of Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after acquiring an additional 13,395 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Dutch Bros during the 1st quarter valued at about $200,000. Finally, 1832 Asset Management L.P. acquired a new position in shares of Dutch Bros during the 2nd quarter valued at about $4,339,000. Institutional investors and hedge funds own 85.54% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on BROS shares. Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a research report on Monday, October 14th. Stifel Nicolaus lowered 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. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Barclays reduced their price objective on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Finally, Piper Sandler lowered 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 note on Monday, August 19th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $40.20.
Read Our Latest Research Report on Dutch Bros
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.
Further Reading
- Five stocks we like better than Dutch Bros
- Following Congress Stock Trades
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- What is a SEC Filing?
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- Breakout Stocks: What They Are and How to Identify Them
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.