Dutch Bros (NYSE:BROS) Major Shareholder Dm Individual Aggregator, Llc Sells 335,136 Shares of Company Stock

Dutch Bros Inc. (NYSE:BROS – Get Free Report) major shareholder Dm Individual Aggregator, Llc sold 335,136 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $44.55, for a total value of $14,930,308.80. Following the transaction, the insider owned 1,862,924 shares of the company’s stock, valued at approximately $82,993,264.20. The trade was a 15.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 value of $16,070,773.32.
  • On Tuesday, November 3rd, Dm Individual Aggregator, Llc sold 137,060 shares of Dutch Bros stock. The shares were sold at an average price of $44.06, for a total value of $6,038,863.60.
  • 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 value of $6,253,272.69.
  • On Tuesday, October 20th, Dm Individual Aggregator, Llc sold 50,709 shares of Dutch Bros stock. The stock was sold at an average price of $44.01, for a total transaction of $2,231,703.09.

Dutch Bros Stock Performance

NYSE:BROS opened at $43.90 on Thursday. The stock has a 50 day simple moving average of $42.11 and a 200 day simple moving average of $53.16. The stock has a market cap of $7.67 billion, a P/E ratio of 60.97, a PEG ratio of 1.36 and a beta of 1.97. Dutch Bros Inc. has a 1-year low of $36.51 and a 1-year high of $74.02. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on BROS. TD Cowen dropped their price objective on shares of Dutch Bros from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Mizuho cut their target price on shares of Dutch Bros from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. Citigroup decreased their target price on shares of Dutch Bros from $86.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. JPMorgan Chase & Co. lowered their price target on shares of Dutch Bros from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Finally, Stephens dropped their price target on Dutch Bros from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.08.

Get Our Latest Research Report on BROS

Dutch Bros News Summary

Here are the key news stories impacting Dutch Bros this week:

Institutional Investors Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in BROS. Hyperion Asset Management Ltd bought a new position in shares of Dutch Bros during the 2nd quarter worth approximately $42,946,000. Empowered Funds LLC acquired a new stake in shares of Dutch Bros during the 1st quarter worth approximately $1,309,000. Independent Financial Group LLC bought a new stake in shares of Dutch Bros in the 1st quarter valued at $1,164,000. California State Teachers Retirement System increased its stake in shares of Dutch Bros by 19.2% in the 1st quarter. California State Teachers Retirement System now owns 147,011 shares of the company’s stock valued at $7,448,000 after acquiring an additional 23,679 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Dutch Bros in the 1st quarter valued at $2,112,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

(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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