Travis Boersma Sells 38,339 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 38,339 shares of Dutch Bros stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares in the company, valued at approximately $522,622.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 1st, Travis Boersma sold 285,462 shares of Dutch Bros stock. The stock was sold at an average price of $33.38, for a total transaction of $9,528,721.56.
• On Monday, October 28th, Travis Boersma sold 80,720 shares of Dutch Bros stock. The shares were sold at an average price of $36.03, for a total value of $2,908,341.60.
• On Monday, September 16th, Travis Boersma sold 18,223 shares of Dutch Bros stock. The shares were sold at an average price of $34.13, for a total value of $621,950.99.
• On Thursday, September 12th, Travis Boersma sold 9,610 shares of Dutch Bros stock. The stock was sold at an average price of $34.01, for a total value of $326,836.10.
• On Monday, September 9th, Travis Boersma sold 280,518 shares of Dutch Bros stock. The shares were sold at an average price of $32.36, for a total value of $9,077,562.48.
• On Thursday, September 5th, Travis Boersma sold 3,600 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total transaction of $115,200.00.
• On Friday, August 23rd, Travis Boersma sold 800 shares of Dutch Bros stock. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00.
• On Monday, August 19th, Travis Boersma sold 426,891 shares of Dutch Bros stock. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69.

Dutch Bros Price Performance

NYSE BROS opened at $34.93 on Thursday. Dutch Bros Inc. has a 1 year low of $25.46 and a 1 year high of $43.49. The company has a fifty day simple moving average of $33.24 and a 200 day simple moving average of $34.92. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The company has a market cap of $5.39 billion, a P/E ratio of 139.72, a P/E/G ratio of 3.68 and a beta of 2.47.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. During the same period last year, the business posted $0.07 earnings per share. The firm’s revenue was up 30.0% compared to the same quarter last year. On average, sell-side analysts predict that Dutch Bros Inc. will post 0.33 EPS for the current year.

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Transcendent Capital Group LLC acquired a new position in shares of Dutch Bros during the first quarter worth approximately $26,000. Arcadia Investment Management Corp MI acquired a new position in Dutch Bros during the 2nd quarter valued at $27,000. Jamison Private Wealth Management Inc. raised its stake in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Hollencrest Capital Management boosted its holdings in Dutch Bros by 52.3% in the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the period. Finally, Quest Partners LLC grew its position in Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BROS. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, August 15th. Stifel Nicolaus cut their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays decreased their target price on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Finally, Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $41.00 to $36.00 in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

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.