Insider Selling: Dutch Bros (NYSE:BROS) Major Shareholder Sells $9,070,615.92 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 155,692 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $58.26, for a total value of $9,070,615.92. Following the completion of the sale, the insider owned 2,932,909 shares of the company’s stock, valued at approximately $170,871,278.34. This trade represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% 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 Friday, May 29th, Dm Individual Aggregator, Llc sold 105,362 shares of Dutch Bros stock. The shares were sold at an average price of $58.27, for a total value of $6,139,443.74.
• On Thursday, May 28th, Dm Individual Aggregator, Llc sold 71,399 shares of Dutch Bros stock. The shares were sold at an average price of $56.16, for a total value of $4,009,767.84.
• On Wednesday, May 27th, Dm Individual Aggregator, Llc sold 189,655 shares of Dutch Bros stock. The shares were sold at an average price of $56.21, for a total value of $10,660,507.55.

Dutch Bros Trading Down 1.0%

Shares of BROS stock opened at $56.01 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The stock has a market cap of $9.78 billion, a P/E ratio of 87.52, a price-to-earnings-growth ratio of 1.83 and a beta of 2.36. The stock has a 50 day simple moving average of $53.57 and a 200 day simple moving average of $55.73. Dutch Bros Inc. has a 1 year low of $44.58 and a 1 year high of $77.88.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.70 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. On average, research analysts predict that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of Dutch Bros by 56.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company’s stock valued at $5,733,000 after acquiring an additional 39,561 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Dutch Bros by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock valued at $10,714,000 after acquiring an additional 49,194 shares during the last quarter. Thornburg Investment Management Inc. lifted its stake in shares of Dutch Bros by 143.9% in the 3rd quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the company’s stock valued at $4,067,000 after acquiring an additional 45,847 shares during the last quarter. Magnetar Financial LLC lifted its stake in shares of Dutch Bros by 107.2% in the 3rd quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock valued at $7,358,000 after acquiring an additional 72,751 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Dutch Bros by 1,559.3% in the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock valued at $5,959,000 after acquiring an additional 91,468 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays cut their target price on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. TD Cowen restated a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a research note on Wednesday, May 20th. Morgan Stanley restated an “overweight” rating and set a $87.00 target price on shares of Dutch Bros in a research note on Thursday, May 7th. Citigroup upped their target price on Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, BNP Paribas Exane assumed coverage on Dutch Bros in a research note on Monday, March 30th. They set an “outperform” rating and a $73.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $76.00.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.