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 that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the sale, the chairman now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 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 stock was sold at an average price of $34.01, for a total value 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 value 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 value 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 stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69.

Dutch Bros Trading Down 2.3 %

Shares of Dutch Bros stock opened at $35.09 on Wednesday. Dutch Bros Inc. has a fifty-two week low of $23.31 and a fifty-two week high of $43.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The company has a market cap of $6.22 billion, a P/E ratio of 195.00, a price-to-earnings-growth ratio of 2.55 and a beta of 2.49. The firm has a 50-day simple moving average of $32.91 and a two-hundred day simple moving average of $34.81.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The company had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. During the same quarter in the previous year, the firm earned $0.07 EPS. The firm’s revenue was up 30.0% compared to the same quarter last year. As a group, equities analysts predict 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 modified their holdings of BROS. Vanguard Group Inc. boosted its stake in 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 buying an additional 1,661,778 shares during the period. Renaissance Technologies LLC acquired a new stake in Dutch Bros in the 2nd quarter valued at approximately $57,435,000. Wasatch Advisors LP purchased a new stake in Dutch Bros in the first quarter valued at approximately $41,988,000. Concurrent Investment Advisors LLC raised its position in Dutch Bros by 846.7% in the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock valued at $51,353,000 after purchasing an additional 1,109,370 shares during the period. Finally, Joho Capital LLC lifted its stake in Dutch Bros by 428.9% during the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after purchasing an additional 1,106,511 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stifel Nicolaus lowered their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and set a $47.00 target price on shares of Dutch Bros in a research note on Thursday, September 12th. Robert W. Baird decreased their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Barclays cut their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Finally, UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.