Dutch Bros (NYSE:BROS) Chairman Sells $26,059,639.74 in Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 447,299 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $58.26, for a total value of $26,059,639.74. Following the completion of the sale, the chairman owned 2,932,909 shares in the company, valued at approximately $170,871,278.34. This represents a 13.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Friday, May 29th, Travis Boersma sold 302,700 shares of Dutch Bros stock. The shares were sold at an average price of $58.27, for a total value of $17,638,329.00.
• On Thursday, May 28th, Travis Boersma sold 205,127 shares of Dutch Bros stock. The shares were sold at an average price of $56.16, for a total value of $11,519,932.32.
• On Wednesday, May 27th, Travis Boersma sold 544,872 shares of Dutch Bros stock. The shares were sold at an average price of $56.21, for a total value of $30,627,255.12.

Dutch Bros Stock Performance

Dutch Bros stock traded down $0.97 during mid-day trading on Tuesday, hitting $57.94. The company had a trading volume of 2,953,495 shares, compared to its average volume of 4,484,655. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. Dutch Bros Inc. has a 12-month low of $44.58 and a 12-month high of $77.88. The company’s fifty day moving average is $53.26 and its 200-day moving average is $55.70. The company has a market capitalization of $10.12 billion, a price-to-earnings ratio of 91.40, a P/E/G ratio of 1.88 and a beta of 2.36.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.70 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. Equities research analysts predict that Dutch Bros Inc. will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the stock. Osterweis Capital Management Inc. purchased a new position in Dutch Bros during the 2nd quarter valued at about $27,000. Brown Lisle Cummings Inc. purchased a new position in Dutch Bros during the 4th quarter valued at about $31,000. 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. Ankerstar Wealth LLC purchased a new position in Dutch Bros during the 4th quarter valued at about $31,000. Finally, Quarry LP boosted its holdings in Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after acquiring an additional 273 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BROS. Telsey Advisory Group began coverage on Dutch Bros in a research note on Wednesday, April 8th. They set an “outperform” rating and a $66.00 target price for the company. BNP Paribas Exane started coverage on Dutch Bros in a research note on Monday, March 30th. They issued an “outperform” rating and a $73.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $87.00 target price on shares of Dutch Bros in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.00.

Dutch Bros Company Profile

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.