Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma Sells 334,069 Shares

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 334,069 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.85, for a total value of $12,310,442.65. Following the transaction, the chairman now directly owns 871,764 shares of the company’s stock, valued at approximately $32,124,503.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, May 13th, Travis Boersma sold 54,359 shares of Dutch Bros stock. The shares were sold at an average price of $36.02, for a total value of $1,958,011.18.
• On Thursday, March 21st, Travis Boersma sold 98,017 shares of Dutch Bros stock. The shares were sold at an average price of $36.04, for a total transaction of $3,532,532.68.
• On Wednesday, March 13th, Travis Boersma sold 296,603 shares of Dutch Bros stock. The shares were sold at an average price of $34.31, for a total transaction of $10,176,448.93.
• On Monday, March 4th, Travis Boersma sold 389,406 shares of Dutch Bros stock. The stock was sold at an average price of $30.31, for a total value of $11,802,895.86.
• On Thursday, February 22nd, Travis Boersma sold 404,950 shares of Dutch Bros stock. The shares were sold at an average price of $28.06, for a total transaction of $11,362,897.00.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $35.91 on Thursday. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 199.51, a PEG ratio of 5.51 and a beta of 2.43. Dutch Bros Inc. has a fifty-two week low of $22.67 and a fifty-two week high of $38.41. The firm’s 50-day simple moving average is $32.30 and its 200 day simple moving average is $29.95. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.98 and a current ratio of 2.29.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. As a group, research analysts anticipate that Dutch Bros Inc. will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Transcendent Capital Group LLC bought a new stake in Dutch Bros in the 1st quarter valued at about $26,000. DekaBank Deutsche Girozentrale bought a new position in shares of Dutch Bros in the fourth quarter worth approximately $40,000. Avior Wealth Management LLC raised its position in Dutch Bros by 1,610.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock valued at $41,000 after purchasing an additional 1,208 shares in the last quarter. Allworth Financial LP boosted its stake in Dutch Bros by 41.8% in the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after buying an additional 471 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of Dutch Bros by 31.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after purchasing an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BROS shares. Stifel Nicolaus reissued a “buy” rating and set a $40.00 target price on shares of Dutch Bros in a report on Wednesday, April 3rd. Guggenheim reaffirmed a “neutral” rating and issued a $30.00 target price on shares of Dutch Bros in a report on Friday, April 5th. Piper Sandler raised shares of Dutch Bros from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $32.00 to $37.00 in a research note on Monday, March 4th. Barclays raised their price target on shares of Dutch Bros from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Finally, TD Cowen raised Dutch Bros from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $46.00 in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.33.

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.