Insider Selling: Dutch Bros (NYSE:BROS) Major Shareholder Sells 155,692 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 155,692 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $58.26, for a total value of $9,070,615.92. Following the transaction, the insider directly owned 2,932,909 shares of the company’s stock, valued at $170,871,278.34. This trade represents a 5.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more 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 stock was 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 stock was 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 stock was sold at an average price of $56.21, for a total value of $10,660,507.55.

Dutch Bros Price Performance

Shares of Dutch Bros stock traded down $0.97 during trading on Tuesday, reaching $57.94. 2,953,495 shares of the company’s stock were exchanged, compared to its average volume of 4,484,655. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. Dutch Bros Inc. has a 1-year low of $44.58 and a 1-year high of $77.88. The company has a market cap of $10.12 billion, a P/E ratio of 90.53, a PEG ratio of 1.88 and a beta of 2.36. The firm’s 50-day moving average price is $53.26 and its 200 day moving average price is $55.70.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.70 million. During the same quarter in the previous year, the firm earned $0.14 EPS. Dutch Bros’s revenue was up 30.7% on a year-over-year basis. As a group, research analysts anticipate that Dutch Bros Inc. will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently bought and sold shares of BROS. Alyeska Investment Group L.P. bought a new stake in shares of Dutch Bros during the 4th quarter valued at about $113,880,000. Westfield Capital Management Co. LP bought a new stake in shares of Dutch Bros during the 4th quarter valued at about $108,948,000. Norges Bank bought a new stake in shares of Dutch Bros during the 4th quarter valued at about $96,951,000. Balyasny Asset Management L.P. boosted its position in shares of Dutch Bros by 196.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock valued at $95,112,000 after purchasing an additional 1,203,338 shares in the last quarter. Finally, Interval Partners LP bought a new stake in shares of Dutch Bros during the 4th quarter valued at about $57,276,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BROS shares. TD Cowen reissued a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a report on Wednesday, May 20th. UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Wednesday, May 20th. KeyCorp boosted their price target on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a report 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 report on Thursday, May 7th. Finally, Telsey Advisory Group initiated coverage on Dutch Bros in a report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 target price for the company. One 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.