Insider Selling: Dutch Bros Inc. (NYSE:BROS) Chairman Sells 679,996 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92. Following the completion of the sale, the chairman now directly owns 2,640,779 shares of the company’s stock, valued at $197,451,045.83. This represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, February 21st, Travis Boersma sold 755,551 shares of Dutch Bros stock. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23.

Dutch Bros Trading Down 3.0 %

Dutch Bros stock opened at $73.05 on Wednesday. The stock has a market cap of $11.26 billion, a PE ratio of 214.85, a P/E/G ratio of 4.23 and a beta of 2.73. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $62.66 and a 200 day moving average price of $47.11. Dutch Bros Inc. has a 52 week low of $26.85 and a 52 week high of $86.88.

Analyst Ratings Changes

BROS has been the topic of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Bank of America increased their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. TD Cowen boosted their price target on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. TD Securities upped their price target on Dutch Bros from $65.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, UBS Group lifted their price objective on Dutch Bros from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $74.83.

Institutional Investors Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in Dutch Bros during the third quarter worth approximately $573,000. Baillie Gifford & Co. purchased a new position in shares of Dutch Bros during the 3rd quarter worth $224,461,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dutch Bros by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after purchasing an additional 181,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Dutch Bros by 38.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after purchasing an additional 58,623 shares during the period. Finally, Clear Creek Financial Management LLC acquired a new position in Dutch Bros in the fourth quarter valued at $288,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.