Dutch Bros (NYSE:BROS) Chairman Sells $43,870,119.44 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 821,384 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $53.41, for a total value of $43,870,119.44. Following the completion of the sale, the chairman directly owned 657,906 shares in the company, valued at approximately $35,138,759.46. The trade was a 55.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, November 25th, Travis Boersma sold 1,678,616 shares of Dutch Bros stock. The stock was sold at an average price of $55.44, for a total transaction of $93,062,471.04.

Dutch Bros Stock Up 4.3%

Shares of NYSE:BROS traded up $2.49 during trading on Wednesday, reaching $59.86. 1,631,084 shares of the stock traded hands, compared to its average volume of 3,456,703. The stock has a market cap of $9.85 billion, a P/E ratio of 119.79, a price-to-earnings-growth ratio of 2.75 and a beta of 2.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.32 and a current ratio of 1.52. The stock has a 50-day moving average of $54.24 and a two-hundred day moving average of $62.48. Dutch Bros Inc. has a 52-week low of $47.16 and a 52-week high of $86.88.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The company had revenue of $423.58 million during the quarter, compared to analyst estimates of $414.81 million. During the same period in the previous year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. Dutch Bros has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Dutch Bros Inc. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BROS has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a report on Wednesday, October 8th. Stifel Nicolaus reduced their price target on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Barclays increased their price objective on shares of Dutch Bros from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. UBS Group reaffirmed a “buy” rating and issued a $85.00 target price on shares of Dutch Bros in a research report on Tuesday, October 28th. Finally, Guggenheim increased their price target on Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.72.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently made changes to their positions in the company. Osterweis Capital Management Inc. purchased a new position in Dutch Bros during the 2nd quarter valued at approximately $27,000. Rakuten Securities Inc. boosted its holdings in Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Dutch Bros during the first quarter valued at $38,000. Kiker Wealth Management LLC grew its stake in Dutch Bros by 4,423.1% in the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock worth $40,000 after acquiring an additional 575 shares in the last quarter. Finally, Caitlin John LLC purchased a new position in Dutch Bros during the 3rd quarter worth $44,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.