Travis Boersma Sells 531,526 Shares of Dutch Bros Inc. (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 531,526 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the transaction, the chairman now directly owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, May 20th, Travis Boersma sold 704,995 shares of Dutch Bros stock. The stock was sold at an average price of $68.24, for a total transaction of $48,108,858.80.
• On Wednesday, February 26th, Travis Boersma sold 471,718 shares of Dutch Bros stock. The stock was sold at an average price of $75.91, for a total transaction of $35,808,113.38.
• On Monday, February 24th, Travis Boersma sold 679,996 shares of Dutch Bros stock. The stock was sold at an average price of $74.77, for a total transaction of $50,843,300.92.
• On Friday, February 21st, Travis Boersma sold 755,551 shares of Dutch Bros stock. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23.

Dutch Bros Price Performance

Shares of BROS opened at $68.40 on Friday. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 201.19, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. Dutch Bros Inc. has a twelve month low of $26.96 and a twelve month high of $86.88. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average of $62.33 and a two-hundred day moving average of $60.35.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. Dutch Bros’s revenue was up 28.7% compared to the same quarter last year. During the same period last year, the firm earned $0.09 earnings per share. As a group, analysts predict that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BROS has been the topic of a number of research reports. TD Securities reaffirmed a “buy” rating and set a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the stock an “overweight” rating in a research report on Monday, April 14th. Bank of America raised their target price on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group cut their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Finally, Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $75.73.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Dutch Bros by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,184,514 shares of the company’s stock valued at $533,465,000 after acquiring an additional 153,070 shares in the last quarter. FMR LLC lifted its stake in shares of Dutch Bros by 98.1% during the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock worth $341,333,000 after buying an additional 3,227,435 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of Dutch Bros by 14.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock valued at $268,095,000 after buying an additional 627,875 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Dutch Bros by 29.9% during the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock valued at $211,163,000 after buying an additional 788,100 shares during the last quarter. Finally, FIL Ltd purchased a new stake in shares of Dutch Bros during the fourth quarter valued at $176,298,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Company Profile

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.