Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 80,720 Shares

Dutch Bros Inc. (NYSE:BROS) 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.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data 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 firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. Research analysts expect that Dutch Bros Inc. will post 0.32 earnings per share for the current fiscal year.

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.

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.