Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells $57,600.00 in Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total transaction of $57,600.00. Following the completion of the sale, the insider now owns 712,819 shares of the company’s stock, valued at $22,810,208. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Dm Trust Aggregator, Llc also recently made the following trade(s):

• On Monday, September 9th, Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock. The shares were sold at an average price of $32.39, for a total transaction of $6,038,079.02.
• On Friday, August 23rd, Dm Trust Aggregator, Llc sold 400 shares of Dutch Bros stock. The stock was sold at an average price of $32.00, for a total value of $12,800.00.

Dutch Bros Stock Performance

Dutch Bros stock opened at $32.92 on Thursday. Dutch Bros Inc. has a 12-month low of $22.67 and a 12-month high of $43.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 182.89, a price-to-earnings-growth ratio of 2.61 and a beta of 2.49. The firm’s fifty day moving average price is $35.45 and its 200 day moving average price is $34.48.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. On average, research analysts forecast that Dutch Bros Inc. will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in BROS. Arcadia Investment Management Corp MI acquired a new stake in Dutch Bros in the second quarter valued at $27,000. Quest Partners LLC increased its position in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Dutch Bros in the 1st quarter valued at about $26,000. Abound Wealth Management bought a new position in shares of Dutch Bros during the second quarter worth about $39,000. Finally, Quarry LP acquired a new position in Dutch Bros in the second quarter worth about $43,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BROS has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a research note on Thursday, August 8th. Robert W. Baird cut their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Barclays dropped their price objective on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Finally, Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.73.

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.