Dutch Bros (NYSE:BROS) CEO Christine Barone Sells 42,031 Shares

Dutch Bros Inc. (NYSE:BROS) CEO Christine Barone sold 42,031 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total value of $2,527,324.03. Following the sale, the chief executive officer owned 44,573 shares in the company, valued at approximately $2,680,174.49. The trade was a 48.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dutch Bros Trading Up 7.9%

Dutch Bros stock opened at $65.03 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The firm has a market cap of $11.36 billion, a PE ratio of 101.62, a P/E/G ratio of 1.95 and a beta of 2.36. Dutch Bros Inc. has a 12 month low of $44.58 and a 12 month high of $74.65. The stock’s 50 day simple moving average is $54.57 and its two-hundred day simple moving average is $55.99.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. Dutch Bros’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Analysts anticipate that Dutch Bros Inc. will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BNP Paribas Exane began coverage on shares of Dutch Bros in a research report on Monday, March 30th. They set an “outperform” rating and a $73.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and issued a $75.00 target price on shares of Dutch Bros in a research report on Monday, June 1st. Oppenheimer initiated coverage on shares of Dutch Bros in a research report on Friday, May 1st. They issued an “outperform” rating and a $72.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. Finally, UBS Group restated a “buy” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. raised its position in Dutch Bros by 1.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock valued at $975,000 after buying an additional 200 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Dutch Bros by 0.4% during the first quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after buying an additional 211 shares in the last quarter. AdvisorShares Investments LLC lifted its holdings in shares of Dutch Bros by 7.2% during the fourth quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock worth $194,000 after buying an additional 212 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Dutch Bros by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock worth $151,000 after buying an additional 221 shares in the last quarter. Finally, Allworth Financial LP grew its position in Dutch Bros by 7.5% during the third quarter. Allworth Financial LP now owns 3,312 shares of the company’s stock worth $173,000 after buying an additional 232 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.