Dutch Bros Inc. (NYSE:BROS) Chairman Sells $326,836.10 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 9,610 shares of Dutch Bros stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $34.01, for a total transaction of $326,836.10. Following the sale, the chairman now owns 317,167 shares in the company, valued at $10,786,849.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, September 16th, Travis Boersma sold 18,223 shares of Dutch Bros stock. The shares were sold at an average price of $34.13, for a total transaction of $621,950.99.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The stock was 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 shares were 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 value 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 value of $13,485,486.69.

Dutch Bros Trading Up 2.2 %

Dutch Bros stock opened at $34.70 on Wednesday. The company has a 50 day moving average price of $34.66 and a 200 day moving average price of $34.64. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros Inc. has a 52 week low of $22.67 and a 52 week high of $43.49. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 192.78, a P/E/G ratio of 2.70 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. Research analysts forecast that Dutch Bros Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Dutch Bros

A number of large investors have recently made changes to their positions in BROS. Vanguard Group Inc. boosted its holdings in shares of Dutch Bros by 35.0% during the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after purchasing an additional 1,661,778 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Dutch Bros during the 2nd quarter valued at $57,435,000. Wasatch Advisors LP acquired a new position in shares of Dutch Bros in the first quarter worth $41,988,000. Concurrent Investment Advisors LLC raised its holdings in shares of Dutch Bros by 846.7% during the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after acquiring an additional 1,109,370 shares in the last quarter. Finally, Joho Capital LLC boosted its position in Dutch Bros by 428.9% during the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BROS. JPMorgan Chase & Co. raised their target price on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Bank of America lifted their price objective on shares of Dutch Bros from $44.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Barclays dropped their target price on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $41.00 to $36.00 in a report on Monday, August 19th. Finally, Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $39.73.

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.