Dutch Bros (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 137,060 Shares of Stock

Dutch Bros Inc. (NYSE:BROS – Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 137,060 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $44.06, for a total value of $6,038,863.60. Following the completion of the transaction, the insider directly owned 1,725,864 shares of the company’s stock, valued at $76,041,567.84. The trade was a 7.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, November 4th, Dm Individual Aggregator, Llc sold 359,284 shares of Dutch Bros stock. The stock was sold at an average price of $44.73, for a total transaction of $16,070,773.32.
  • On Monday, November 2nd, Dm Individual Aggregator, Llc sold 335,136 shares of Dutch Bros stock. The stock was sold at an average price of $44.55, for a total transaction of $14,930,308.80.
  • On Friday, October 30th, Dm Individual Aggregator, Llc sold 20,008 shares of Dutch Bros stock. The shares were sold at an average price of $44.09, for a total transaction of $882,152.72.
  • On Thursday, October 29th, Dm Individual Aggregator, Llc sold 142,023 shares of Dutch Bros stock. The shares were sold at an average price of $44.03, for a total transaction of $6,253,272.69.
  • On Tuesday, October 20th, Dm Individual Aggregator, Llc sold 50,709 shares of Dutch Bros stock. The shares were sold at an average price of $44.01, for a total transaction of $2,231,703.09.

Dutch Bros Stock Performance

NYSE BROS traded up $0.32 during mid-day trading on Wednesday, reaching $43.90. 9,753,712 shares of the stock were exchanged, compared to its average volume of 4,395,353. The business’s 50 day moving average is $42.11 and its 200-day moving average is $53.16. Dutch Bros Inc. has a 1 year low of $36.51 and a 1 year high of $74.02. The company has a market capitalization of $7.67 billion, a P/E ratio of 62.26, a P/E/G ratio of 1.36 and a beta of 1.97. 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 (NYSE:BROS – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The company had revenue of $549.84 million during the quarter, compared to analysts’ expectations of $548.27 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities research analysts forecast that Dutch Bros Inc. will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in BROS. Hyperion Asset Management Ltd purchased a new stake in Dutch Bros in the 2nd quarter valued at $42,946,000. Empowered Funds LLC purchased a new stake in shares of Dutch Bros in the first quarter valued at about $1,309,000. Independent Financial Group LLC purchased a new stake in shares of Dutch Bros in the first quarter valued at about $1,164,000. California State Teachers Retirement System grew its holdings in shares of Dutch Bros by 19.2% in the first quarter. California State Teachers Retirement System now owns 147,011 shares of the company’s stock valued at $7,448,000 after purchasing an additional 23,679 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Dutch Bros during the first quarter worth about $2,112,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BROS shares. Royal Bank Of Canada cut Dutch Bros from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $70.00 to $46.00 in a report on Thursday, October 22nd. TD Cowen dropped their price objective on Dutch Bros from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, October 21st. Melius Research dropped their price objective on Dutch Bros from $95.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, September 18th. UBS Group cut their price objective on Dutch Bros from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 26th. Finally, DA Davidson reduced their target price 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. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.08.

Check Out Our Latest Stock Report on Dutch Bros

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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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