Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 540,638 Shares

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 540,638 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total value of $35,655,076.10. Following the completion of the sale, the chairman now directly owns 2,099,499 shares of the company’s stock, valued at approximately $138,461,959.05. The trade was a 20.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, May 22nd, Travis Boersma sold 722,841 shares of Dutch Bros stock. The shares were sold at an average price of $66.82, for a total value of $48,300,235.62.
• On Tuesday, May 20th, Travis Boersma sold 704,995 shares of Dutch Bros stock. The shares were sold at an average price of $68.24, for a total value of $48,108,858.80.
• On Monday, May 19th, Travis Boersma sold 531,526 shares of Dutch Bros stock. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52.
• On Wednesday, February 26th, Travis Boersma sold 471,718 shares of Dutch Bros stock. The shares were sold at an average price of $75.91, for a total value of $35,808,113.38.
• On Monday, February 24th, Travis Boersma sold 679,996 shares of Dutch Bros stock. The shares were sold at an average price of $74.77, for a total value of $50,843,300.92.

Dutch Bros Stock Down 0.8%

Shares of BROS stock opened at $67.89 on Friday. Dutch Bros Inc. has a 12 month low of $26.96 and a 12 month high of $86.88. The firm has a market cap of $10.47 billion, a PE ratio of 199.68, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The stock has a 50 day moving average of $62.42 and a 200-day moving average of $60.59. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. On average, equities analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BROS. R Squared Ltd acquired a new position in shares of Dutch Bros in the fourth quarter valued at $25,000. Coppell Advisory Solutions LLC grew its position in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after acquiring an additional 447 shares during the period. AdvisorNet Financial Inc bought a new stake in Dutch Bros in the first quarter valued at $31,000. Cullen Frost Bankers Inc. bought a new stake in Dutch Bros in the first quarter valued at $31,000. Finally, Banque Transatlantique SA bought a new stake in Dutch Bros in the first quarter valued at $38,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on BROS. TD Securities reaffirmed a “buy” rating and set a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. UBS Group decreased their target price on Dutch Bros from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Barclays upped their target price on Dutch Bros from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Royal Bank of Canada began coverage on Dutch Bros in a research report on Wednesday, May 14th. They set an “outperform” rating and a $83.00 target price for the company. Finally, Guggenheim upped their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $75.73.

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.