Dutch Bros (NYSE:BROS) Chairman Travis Boersma Sells 393,768 Shares of Company Stock

Dutch Bros Inc. (NYSE:BROS – Get Free Report) Chairman Travis Boersma sold 393,768 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $44.06, for a total transaction of $17,349,418.08. Following the completion of the sale, the chairman directly owned 1,725,864 shares in the company, valued at $76,041,567.84. This trade represents a 18.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, November 4th, Travis Boersma sold 1,032,216 shares of Dutch Bros stock. The shares were sold at an average price of $44.73, for a total value of $46,171,021.68.
  • On Monday, November 2nd, Travis Boersma sold 962,828 shares of Dutch Bros stock. The shares were sold at an average price of $44.55, for a total value of $42,893,987.40.
  • On Friday, October 30th, Travis Boersma sold 57,478 shares of Dutch Bros stock. The shares were sold at an average price of $44.09, for a total value of $2,534,205.02.
  • On Thursday, October 29th, Travis Boersma sold 408,023 shares of Dutch Bros stock. The stock was sold at an average price of $44.03, for a total value of $17,965,252.69.
  • On Tuesday, October 20th, Travis Boersma sold 145,687 shares of Dutch Bros stock. The stock was sold at an average price of $44.01, for a total value of $6,411,684.87.

Dutch Bros Trading Up 0.7%

Shares of BROS stock traded up $0.32 on Wednesday, reaching $43.90. 9,753,712 shares of the company’s stock were exchanged, compared to its average volume of 4,395,353. Dutch Bros Inc. has a 52 week low of $36.51 and a 52 week high of $74.02. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $7.67 billion, a PE ratio of 62.26, a P/E/G ratio of 1.36 and a beta of 1.97. The company’s fifty day simple moving average is $42.11 and its 200 day simple moving average is $53.16.

Dutch Bros (NYSE:BROS – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $549.84 million for the quarter, compared to the consensus estimate of $548.27 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%. Dutch Bros’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 EPS. As a group, analysts forecast that Dutch Bros Inc. will post 0.88 EPS for the current year.

Institutional Trading of Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. grew its holdings in Dutch Bros by 0.4% during the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after acquiring an additional 211 shares in the last quarter. Arizona State Retirement System increased its position in Dutch Bros by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 35,124 shares of the company’s stock valued at $2,522,000 after purchasing an additional 238 shares during the period. GAMMA Investing LLC raised its holdings in shares of Dutch Bros by 12.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,927 shares of the company’s stock valued at $210,000 after purchasing an additional 329 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in shares of Dutch Bros by 4.7% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 7,791 shares of the company’s stock valued at $395,000 after purchasing an additional 347 shares in the last quarter. Finally, Aljian Capital Management LLC raised its holdings in shares of Dutch Bros by 4.9% in the 1st quarter. Aljian Capital Management LLC now owns 8,039 shares of the company’s stock valued at $407,000 after purchasing an additional 375 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BROS shares. JPMorgan Chase & Co. reduced their price target on shares of Dutch Bros from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Royal Bank Of Canada cut shares of Dutch Bros from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $70.00 to $46.00 in a research report on Thursday, October 22nd. Raymond James Financial set a $59.00 target price on shares of Dutch Bros in a research note on Friday, September 18th. Mizuho reduced their target price on shares of Dutch Bros from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. Finally, Robert W. Baird reduced their target price on shares of Dutch Bros from $82.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.08.

Read Our Latest Report on BROS

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About Dutch Bros

(Get Free Report)

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.

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