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 company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $44.06, for a total value of $17,349,418.08. Following the sale, the chairman owned 1,725,864 shares of the company’s stock, valued at approximately $76,041,567.84. This represents a 18.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction 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 transaction of $42,893,987.40.
  • On Friday, October 30th, Travis Boersma sold 57,478 shares of Dutch Bros stock. The stock was 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 transaction of $6,411,684.87.

Dutch Bros Stock Performance

Shares of BROS traded up $0.32 during trading hours on Wednesday, reaching $43.90. 9,753,712 shares of the company traded hands, compared to its average volume of 4,395,353. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $42.11 and a 200-day moving average price of $53.16. Dutch Bros Inc. has a 12-month low of $36.51 and a 12-month high of $74.02. The stock has a market capitalization of $7.67 billion, a P/E ratio of 62.26, a P/E/G ratio of 1.36 and a beta of 1.97.

Dutch Bros (NYSE:BROS – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The company had revenue of $549.84 million during the quarter, compared to analyst estimates of $548.27 million. During the same period last year, the firm posted $0.19 EPS. Dutch Bros’s revenue for the quarter was up 29.8% compared to the same quarter last year. Equities analysts anticipate that Dutch Bros Inc. will post 0.88 EPS for the current fiscal year.

Dutch Bros News Roundup

Here are the key news stories impacting Dutch Bros this week:

Analysts Set New Price Targets

A number of brokerages have issued reports on BROS. Mizuho lowered their price target on Dutch Bros from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. Royal Bank Of Canada downgraded Dutch Bros from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $70.00 to $46.00 in a research note on Thursday, October 22nd. Morgan Stanley reduced their target price on Dutch Bros from $88.00 to $71.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Robert W. Baird decreased their target price on Dutch Bros from $82.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, October 2nd. Finally, KeyCorp dropped their price target on shares of Dutch Bros from $79.00 to $59.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.08.

Get Our Latest Research Report on Dutch Bros

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Dutch Bros by 38.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock valued at $221,956,000 after acquiring an additional 851,075 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab purchased a new position in Dutch Bros in the 1st quarter worth approximately $33,569,000. Hyperion Asset Management Ltd lifted its stake in Dutch Bros by 104.4% in the 3rd quarter. Hyperion Asset Management Ltd now owns 1,222,532 shares of the company’s stock worth $47,141,000 after purchasing an additional 624,488 shares in the last quarter. Bank of America Corp DE boosted its stake in Dutch Bros by 33.4% during the first quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after buying an additional 454,036 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Dutch Bros by 58.1% during the first quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock worth $52,917,000 after buying an additional 384,011 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

(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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Insider Buying and Selling by Quarter for Dutch Bros (NYSE:BROS)

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