Insider Selling: Dutch Bros (NYSE:BROS) Chairman Sells $46,171,021.68 in Stock

Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 1,032,216 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $46,171,021.68. Following the sale, the chairman owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. This represents a 43.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Tuesday, November 3rd, Travis Boersma sold 393,768 shares of Dutch Bros stock. The stock was sold at an average price of $44.06, for a total value of $17,349,418.08.
  • On Monday, November 2nd, Travis Boersma sold 962,828 shares of Dutch Bros stock. The shares were sold at an average price of $44.55, for a total value of $42,893,987.40.
  • On Friday, October 30th, Travis Boersma sold 57,478 shares of Dutch Bros stock. The shares were sold at an average price of $44.09, for a total value of $2,534,205.02.
  • On Thursday, October 29th, Travis Boersma sold 408,023 shares of Dutch Bros stock. The stock was sold at an average price of $44.03, for a total value of $17,965,252.69.
  • On Tuesday, October 20th, Travis Boersma sold 145,687 shares of Dutch Bros stock. The stock was sold at an average price of $44.01, for a total value of $6,411,684.87.

Dutch Bros Stock Performance

NYSE BROS traded up $0.32 on Wednesday, reaching $43.90. The stock had a trading volume of 9,753,712 shares, compared to its average volume of 4,395,353. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. Dutch Bros Inc. has a 12-month low of $36.51 and a 12-month high of $74.02. The business’s 50-day moving average price is $42.11 and its 200 day moving average price is $53.16. The stock has a market cap of $7.67 billion, a P/E ratio of 62.26, a price-to-earnings-growth ratio of 1.36 and a beta of 1.97.

Dutch Bros (NYSE:BROS – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $549.84 million for the quarter, compared to analyst estimates of $548.27 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. As a group, equities analysts expect that Dutch Bros Inc. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup dropped their price target on Dutch Bros from $86.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, October 21st. Telsey Advisory Group lifted their target price on Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Stephens dropped their target price on Dutch Bros from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. DA Davidson cut their price target on Dutch Bros from $85.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Finally, Wells Fargo & Company decreased their price target on Dutch Bros from $70.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.08.

View Our Latest Stock Report on Dutch Bros

Trending Headlines about Dutch Bros

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Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC acquired a new stake in shares of Dutch Bros in the 2nd quarter valued at approximately $29,000. GK Wealth Management LLC purchased a new stake in shares of Dutch Bros in the third quarter valued at approximately $56,000. State of Wyoming acquired a new position in Dutch Bros during the third quarter worth $66,000. Archer Investment Corp acquired a new position in Dutch Bros during the second quarter worth $101,000. Finally, Fulcrum Asset Management LLP acquired a new position in Dutch Bros during the third quarter worth $109,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

About Dutch Bros

(Get Free Report)

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.

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Insider Buying and Selling by Quarter for Dutch Bros (NYSE:BROS)

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