Insider Selling: Dutch Bros (NYSE:BROS) Chairman Sells 544,872 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) Chairman Travis Boersma sold 544,872 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $56.21, for a total transaction of $30,627,255.12. Following the completion of the sale, the chairman directly owned 3,265,362 shares in the company, valued at $183,545,998.02. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Thursday, May 28th, Travis Boersma sold 205,127 shares of Dutch Bros stock. The stock was sold at an average price of $56.16, for a total transaction of $11,519,932.32.

Dutch Bros Stock Up 2.5%

Shares of NYSE:BROS traded up $1.44 during midday trading on Friday, reaching $58.00. The company’s stock had a trading volume of 3,787,324 shares, compared to its average volume of 4,704,018. The firm has a 50 day moving average of $52.96 and a 200-day moving average of $55.67. The firm has a market capitalization of $10.13 billion, a P/E ratio of 90.62, a PEG ratio of 1.82 and a beta of 2.40. The company has a quick ratio of 1.19, a current ratio of 1.33 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.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.70 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. Dutch Bros’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. On average, research analysts anticipate that Dutch Bros Inc. will post 0.83 earnings per share for the current year.

Key Dutch Bros News

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

• Positive Sentiment: Dutch Bros is speeding up store openings, which supports a stronger long-term growth outlook and suggests better execution on expansion plans. Will Accelerating Store Openings Strengthen Dutch Bros’ Growth Path?
• Positive Sentiment: New store announcements across multiple states reinforce Dutch Bros’ ability to expand its footprint and increase future sales opportunities. Dutch Bros Coffee to open first Macon location this summer
• Positive Sentiment: The opening of the 10th Albuquerque location highlights continued demand in established markets and sustained brand momentum. Dutch Bros opens 10th Albuquerque location
• Neutral Sentiment: Management is set to participate in an upcoming investor conference, which could provide more color on growth plans but is not a direct operational catalyst. Dutch Bros Inc. to Participate in Upcoming Investor Conference

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BROS shares. TD Cowen reiterated a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a research note on Wednesday, May 20th. The Goldman Sachs Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, March 2nd. Wolfe Research began coverage on shares of Dutch Bros in a research note on Monday, March 9th. They issued an “outperform” rating and a $77.00 price target on the stock. Piper Sandler increased their price objective on Dutch Bros from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Barclays dropped their price objective on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP lifted its stake in Dutch Bros by 15.1% during the 4th quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock valued at $189,677,000 after acquiring an additional 407,528 shares during the period. Ninety One UK Ltd lifted its stake in Dutch Bros by 1.5% during the 4th quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock valued at $160,732,000 after acquiring an additional 39,781 shares during the period. Invesco Ltd. lifted its stake in Dutch Bros by 4.0% during the 3rd quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock valued at $127,011,000 after acquiring an additional 93,515 shares during the period. Geode Capital Management LLC lifted its stake in Dutch Bros by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock valued at $138,699,000 after acquiring an additional 39,349 shares during the period. Finally, State Street Corp lifted its stake in Dutch Bros by 1.8% during the 4th quarter. State Street Corp now owns 2,020,112 shares of the company’s stock valued at $123,671,000 after acquiring an additional 35,854 shares during the period. Institutional investors own 85.54% of the company’s stock.

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.