Christine Barone Sells 42,031 Shares of Dutch Bros (NYSE:BROS) Stock

Dutch Bros Inc. (NYSE:BROS) CEO Christine Barone sold 42,031 shares of Dutch Bros stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total value of $2,527,324.03. Following the sale, the chief executive officer directly owned 44,573 shares in the company, valued at $2,680,174.49. This trade represents a 48.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dutch Bros Price Performance

BROS traded up $4.75 on Thursday, hitting $65.03. 5,947,968 shares of the company’s stock traded hands, compared to its average volume of 3,305,292. The company’s 50 day simple moving average is $54.57 and its 200-day simple moving average is $55.99. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 92.74, a P/E/G ratio of 1.95 and a beta of 2.36. Dutch Bros Inc. has a one year low of $44.58 and a one year high of $74.65. 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 (NYSE:BROS) last issued its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $449.70 million. During the same quarter last year, the company earned $0.14 EPS. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. As a group, research analysts anticipate that Dutch Bros Inc. will post 0.84 EPS for the current year.

Institutional Investors Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. purchased a new stake in Dutch Bros in the 2nd quarter worth about $27,000. Brown Lisle Cummings Inc. purchased a new stake in Dutch Bros in the 4th quarter worth about $31,000. Rakuten Securities Inc. raised its position in Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares during the period. Ankerstar Wealth LLC purchased a new stake in Dutch Bros in the 4th quarter worth about $31,000. Finally, Quarry LP raised its position in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BROS shares. TD Cowen reissued a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a report on Wednesday. The Goldman Sachs Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, March 2nd. Telsey Advisory Group started coverage on shares of Dutch Bros in a report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 target price on the stock. Barclays lowered their target price on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Finally, DA Davidson reaffirmed a “buy” rating and set a $75.00 price objective on shares of Dutch Bros in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.