Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells $13,824,956.93 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the sale, the insider now owns 2,310,834 shares in the company, valued at $175,415,408.94. This represents a 7.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Monday, February 24th, Dm Individual Aggregator, Llc sold 262,537 shares of Dutch Bros stock. The stock was sold at an average price of $74.77, for a total transaction of $19,629,891.49.
• On Friday, February 21st, Dm Individual Aggregator, Llc sold 291,707 shares of Dutch Bros stock. The shares were sold at an average price of $77.73, for a total value of $22,674,385.11.

Dutch Bros Price Performance

Shares of NYSE:BROS traded up $0.77 during midday trading on Thursday, hitting $76.17. The company’s stock had a trading volume of 2,052,106 shares, compared to its average volume of 3,082,382. The company has a market cap of $11.75 billion, a P/E ratio of 224.68, a price-to-earnings-growth ratio of 4.23 and a beta of 2.73. Dutch Bros Inc. has a 12-month low of $26.85 and a 12-month high of $86.88. The business’s 50 day simple moving average is $63.14 and its 200 day simple moving average is $47.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Dutch Bros from $58.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. TD Securities raised 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. Barclays upgraded shares of Dutch Bros from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $70.00 in a report on Tuesday, January 7th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus upped their price target on shares of Dutch Bros from $62.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dutch Bros currently has an average rating of “Buy” and an average target price of $74.83.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BROS. Baillie Gifford & Co. acquired a new position in Dutch Bros in the 3rd quarter valued at about $224,461,000. FIL Ltd purchased a new stake in shares of Dutch Bros during the 4th quarter worth $176,298,000. FMR LLC increased its holdings in shares of Dutch Bros by 98.1% in the 4th quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after acquiring an additional 3,227,435 shares during the last quarter. Wasatch Advisors LP raised its holdings in Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock worth $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Dutch Bros in the fourth quarter valued at $94,478,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.